Senior Life Insurance in Sun Prairie
In the market for life insurance but aren’t sure which plan you should choose? Talk to our Sun Prairie life insurance specialists now. We will look over your unique situation in order to select the option that will work best for you. Add some extra stability to your future by calling us now.
What is senior life insurance?
Senior life insurance is an agreement between an insurance company and a customer. The insurance company agrees to pay a lump sum to a beneficiary in the event of the policyholder’s death in return for regular payments, or premium.
What are the pros & cons of term & universal 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.
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.
Both kinds of senior life insurance have benefits. Talk to our licensed Sun Prairie senior life insurance professionals to learn about the best solution for you.
How does senior life insurance compare to other investment options?
Each type of investment program has its pros and cons depending on each client’s individual financial circumstance. If you want to make the right 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 everyone buy senior life insurance?
- Remove the burden of paying for funeral costs from your family.
- To cover the expense of children that may still be living at home.
- Pay off outstanding debts, including mortgages.
These reasons are only the tip of the iceberg. Learn more by contacting a senior life insurance professional from Retirement Income Strategies.