Sun Prairie Senior Life Insurance
Want to buy life insurance but don’t know which plan you should select? Contact our Sun Prairie life insurance specialists now. By reviewing your unique situation, we will help you with selecting the best option for you. Add some extra stability to your future by contacting us now.
About Senior Life Insurance
In a senior life insurance contact, an agreement is made between an insurance company and a customer. The customer agrees to pay a specified amount, called a “premium”, at regular intervals, and the company agrees to pay a lump sum to the designated beneficiary once the term of insurance is over (usually at the policy owner’s time of death).
Universal & Term life insurance?
With term life insurance, the owner of the policy pays for a specific amount of time and the benefits lasts for a set period.
Universal or whole senior life insurance is guaranteed for the owner’s entire life. The benefits of this type of senior life insurance include tax-advantaged growth of wealth and easy access to funds.
There are benefits to each type of senior life insurance. Contact one of our insurance professionals in Sun Prairie to learn which life solution will work best for you.
What are the financial benefits of a senior life insurance policy as opposed to investing in other ways?
The pluses and minuses of each investment strategy will be specific to you, depending on your financial circumstances. If you want to make the correct choice, you must find an experienced financial professional.
Who needs senior life insurance?
Everyone! Senior life insurance is a product that provides peace of mind to people at any stage of life.
Why should everyone purchase senior life insurance?
- Provide the means for your family to pay for funeral costs.
- To pay for the expense of children that may still be living at home.
- Paying off mortgages and other debts.
These only represent a portion of the reasons why you need senior life insurance. Learn more about your options by contacting a senior life insurance professional from Retirement Income Strategies.