Life Insurance in Madison, WI
Our life insurance specialists are the solution you’re looking for if you need life insurance in Madison. By reviewing your unique situation, we will help you select your best option. Add some additional security to your future by calling us now.
What’s Life Insurance?
Life insurance is an agreement between an insurance provider and a customer which outlines each party’s obligation to one another. The customer pays a specified amount, called a “premium”, on a regular basis, and in return the company pays a designated amount to a beneficiary once the term of insurance is over (usually at the policy owner’s time of death).
What is the difference between universal & term life insurance? What are their pros & cons?
Term life insurance relates to a specified time frame, regarding both premium payments and the payout.
In contrast, whole or universal life insurance is guaranteed for the duration of the owner’s life. The advantages of this type of life insurance include easy access to funds and tax-advantaged growth of wealth.
You can find benefits to both types of life insurance. Speak with our licensed Madison life insurance professionals to find out the best solution for you.
What are the benefits of owning a life insurance policy as opposed to investing in other ways?
The pluses and minuses of to every investment plan will be unique to you, depending on your financial circumstance. This is why choosing a dependable financial advisor is a necessity.
Who Needs Life Insurance?
The answer is short and simple: Everyone should buy life insurance.
Why Should Everyone Purchase Life Insurance?
- Provide the means for your family to pay for funeral expenses.
- To cover living expenses, such as tuition, food, and bills.
- Paying off mortgages and other debts.
These are just some of the reasons why you should buy life insurance. Talk to a Retirement Income Strategies life insurance professional to learn more about your options.