Senior Life Insurance in Sun Prairie
Retirement Income Strategies is your life insurance specialists in the Sun Prairie area. Our life insurance professionals will help you find the best life insurance option for your specific situation. Contact us now to take the necessary steps towards improved financial security.
About Senior Life Insurance
In a senior life insurance policy, an agreement is made between a customer and an insurance company. The customer pays a specified amount, or “premium”, at regular intervals, and in return the company pays a lump sum to the designated 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?
With term life insurance, the owner of the policy pays for a certain time period and the benefits lasts for a set period.
Universal or whole senior life insurance is guaranteed for the duration of the owner’s life. The benefits of this kind of senior life insurance include easy access to funds and tax-advantaged growth of wealth.
You will find benefits to both types of senior life insurance. To find out 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?
All investment programs have pros and cons depending on your individual circumstances. The most important thing to think about is selecting an experienced financial professional who will consider each case individually.
Who needs senior life insurance?
Everybody needs senior life insurance! It doesn’t matter if you are 21 or 71; you still have a need for this important financial product.
Why should everyone purchase senior life insurance?
- Remove the responsibility of paying for funeral costs from your family.
- To cover school fees, utility bills, groceries, and other costs of living.
- Paying off outstanding debts, such as mortgages.
These only represent a few of the reasons why you should buy senior life insurance. Talk to a senior life insurance professional at Retirement Income Strategies today to find out more.