Life Insurance in Fitchburg, WI
In the market for life insurance but aren’t sure which plan you should select? Call our life insurance specialists in Fitchburg today. Our life insurance professionals will help you find the best life insurance option for your specific situation. Add some additional security to your future by contacting us today.
What is Life Insurance?
Life insurance is an agreement between an individual and an insurance company. The policyholder agrees to pay a certain amount at regular intervals, which is called a “premium”. In return, the company will pay a lump sum to a designated beneficiary under certain circumstances (usually the policyholder’s death).
Universal & Term Life Insurance
With term life insurance, the owner of the policy pays for a specific time period and the benefits are only available for a set period.
Conversely, universal or whole life insurance is guaranteed for the entire duration of the owner’s life. The benefits of this kind of life insurance include easy access to funds and tax-advantaged growth of wealth.
Both types of life insurance offer benefits. Talk to our licensed Fitchburg life insurance professionals to learn about the best solution for you.
How does life insurance compare to other investment options?
Every investment strategy has its pros and cons depending on your unique financial circumstance. If you want to make the correct choice, you should find an experienced financial advisor.
Who Needs Life Insurance?
The answer is simple: everyone. Life insurance provides peace of mind to people of all ages.
Why Should Everyone Purchase Life Insurance?
- Funerals can cost tens of thousands of dollars. Why place that burden on your family?
- To pay for the expense of children still living at home.
- Paying off mortgages and other debts.
These are just some of the reasons why you should buy life insurance. Contact a life insurance professional at Retirement Income Strategies to find out more about your options.