Life Insurance in Madison, WI
In the market for life insurance but don’t know which plan you should select? Call our Madison life insurance specialists today. We provide life insurance professionals to help find the best life insurance option for your unique situation. Contact us today to take steps towards a more secure future.
About Life Insurance
Life insurance sets forth an agreement between a customer and an insurance company. The policyholder agrees to pay a certain amount of money at regular intervals, which is known as a “premium”. In return, the company will pay a lump sum to a designated beneficiary under certain circumstances (usually the policyholder’s death).
What is the difference between universal & term life insurance? What are their pros & cons?
Term life insurance relates to a specified time frame, relating to both the premium payments and the payout.
Universal or whole life insurance is guaranteed for the entire duration of the owner’s life. If set up correctly, these life insurance plans provide simple access to needed funds, while also providing for tax-advantaged growth of wealth.
There are advantages to both kinds of life insurance. Speak with our licensed Madison life insurance professionals to find out the best solution for you.
How does life insurance compare to other investment options?
The pluses and minuses of to each investment plan will be specific to you, depending on your financial circumstance. If you want to make the right choice, you need to find an experienced financial advisor.
Who Needs Life Insurance?
The simple answer? Everyone should buy a life insurance policy.
Why Should You Buy Life Insurance?
- Funerals cost tens of thousands of dollars. Why place that burden on your family?
- To cover the cost of living, such as tuition, groceries, and utility bills.
- Paying off mortgages and other debts.
These reasons are only the tip of the iceberg. Learn more by contacting a life insurance professional from Retirement Income Strategies.