Senior Life Insurance in Sun Prairie
Our staff of life insurance specialists in Sun Prairie can assist you through the challenging process of selecting life insurance. We will look over your unique situation in order to select the option that will work best for you. Add a little additional stability to your future by contacting us now.
About Senior Life Insurance
Senior life insurance is an agreement between an insurance company and a customer. The policyholder agrees to pay a specified amount at scheduled intervals, which is known as a “premium”. In return, the company agrees to pay a lump sum to a designated beneficiary after a specified event (usually the policyholder’s death).
What is the difference between universal & term life insurance? What are the pros & cons of each?
Term life insurance means you only pay for specific period of time, and the benefit to your heirs only lasts for a fixed period.
Whole or universal senior life insurance is guaranteed for the owner’s entire life. This life insurance offers easy access to funds and provides tax-advantaged wealth growth.
There are advantages to both kinds of senior life insurance. To learn which senior life insurance solution will work for you, speak with our insurance professionals in Sun Prairie.
How does senior life insurance compare to other investment options?
Each type of investment plan has its pros and cons depending on each client’s individual circumstances. Finding an experienced financial professional is the right way to ensure you make the right choice.
Who needs senior life insurance?
Every adult, no matter how old, has a need for senior life insurance.
Why should everyone buy senior life insurance?
- Funerals cost thousands of dollars. Why place that burden on your family?
- To cover college tuition, utility bills, food, and other costs of living.
- Paying off mortgages and other outstanding debts.
There are several other reasons to buy senior life insurance. Learn more about your options by contacting a senior life insurance professional at Retirement Income Strategies.