Senior Life Insurance in Fitchburg
Our life insurance specialists are the solution you’re looking for if you need life insurance in Fitchburg. We take your unique situation into account in order to select the option that will work best for you. Contact us now to take the necessary steps towards improved financial security.
What’s senior life insurance?
Senior life insurance creates an agreement between a customer and an insurance company. The policyholder agrees to pay a specified amount at regular intervals, which is called a “premium”. In return, the company agrees to pay a lump sum to a designated beneficiary under certain circumstances (usually the policyholder’s death).
Term & Universal life insurance?
Term life insurance means you only pay for specific time period, and the benefit only lasts for a fixed period.
Conversely, whole or universal senior life insurance is guaranteed for the duration of the owner’s life. The advantages of this type of senior life insurance include easy access to funds and tax-advantaged growth of wealth.
You will find benefits to both types of senior life insurance. To learn which senior life insurance solution will work for you, talk to our insurance professionals in Fitchburg.
How does senior life insurance compare to other investment options?
The pluses and minuses of every investment plan will be specific to you, depending on your financial circumstances. If you want to make the correct choice, you need to select an experienced financial professional.
Who needs senior life insurance?
Every adult, no matter what age, has a need for senior life insurance.
Why should you buy senior life insurance?
- Remove the responsibility of paying for funeral costs from your family.
- To pay for school fees, bill payments, food, and other costs of living.
- Pay off outstanding debts, including mortgages.
There are lots of other reasons to purchase senior life insurance. Talk to a senior life insurance professional at Retirement Income Strategies today to learn more.