Life Insurance in Verona, WI
Retirement Income Strategies is your life insurance specialists in Verona, WI. 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.
What is Life Insurance?
Life insurance is a contract between a person and an insurance agency. The policyholder pays a certain amount at scheduled intervals, which is called 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 term & universal life insurance? What are the pros & cons of each?
Term life insurance means you only pay for specific time period, and the benefit only lasts for a fixed period.
Whole or universal life insurance is guaranteed for the owner’s entire life. If correctly set up, universal or whole life insurance plans provide quick access to funds, while providing tax-advantaged growth of wealth.
You will find benefits to both types of life insurance. Speak with one of our Verona insurance professionals to learn which life insurance solution will work best for you.
How does life insurance compare to other investment options?
All investment plans have pros and cons depending on your unique circumstances. The most important thing to consider is selecting the correct financial advisor who will consider each case individually.
Who Needs Life Insurance?
The answer is simple: everyone. Life insurance is a product that provides peace of mind to people of all ages.
Why Should You Buy Life Insurance?
- Provide the means for your family to pay for funeral costs.
- To cover the expense of children that may still be living at home.
- Paying off mortgages and other debts.
These are only a few of the reasons why you should buy life insurance. Talk to a life insurance professional at Retirement Income Strategies today to learn more.