Verona Senior Life Insurance
Our team of Verona life insurance specialists can assist you through the unfamiliar process of choosing your life insurance policy. By reviewing your unique situation, we’ll help you select the best option for you. Secure your future. Please call us today.
What is senior life insurance?
In a senior life insurance policy, an agreement is made between a customer and an insurance provider. The customer pays a specified amount, or “premium”, at regular intervals, and in return the company pays a lump sum to the designated beneficiary under certain circumstances (generally at the policy owner’s time of death).
Term & Universal life insurance?
Term life insurance means you only pay for specific time period, and the benefit to your heirs only lasts for a fixed period.
Whole or universal senior life insurance is guaranteed for the duration of the owner’s life. If correctly set up, these senior life insurance plans provide simple access to needed funds, while also providing for tax-advantaged growth of wealth.
Each type has benefits. To learn which senior life insurance solution will work for you, talk to our insurance professionals in Verona.
What are the benefits of owning a senior life insurance policy as opposed to investing in other ways?
The pluses and minuses of each investment plan will be specific to you, depending on your financial circumstances. Choosing a professional financial professional is the best way to ensure you make the right choice.
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 you buy senior life insurance?
- Provide a way for your family to pay for funeral expenses.
- To pay for college tuition, utility bills, food, and other costs of living.
- To pay off mortgages and other debts.
These are just some of the reasons why you need senior life insurance. Talk to a senior life insurance professional at Retirement Income Strategies to learn more about your options.