Senior Life Insurance in Verona
Our specialists are the answer you’re looking for if you need life insurance in Verona. By reviewing your unique situation, we will help you with selecting the best option for you. Contact us today to take the necessary steps towards improved financial security.
What is senior life insurance?
Senior life insurance creates an agreement between a customer and an insurance company. The customer agrees to pay a certain amount at scheduled intervals, which is known as a “premium”. In return, the company will pay a lump sum to a designated beneficiary after a specified event (usually the policyholder’s death).
Term & Universal life insurance?
Term life insurance means you only pay for specific time period, and the benefit only lasts for a fixed period.
Universal or whole senior life insurance is permanent, guaranteed for the entire duration of the owner’s life. The advantages of this type of senior life insurance include easy access to funds and tax-advantaged growth of wealth.
Both types of senior life insurance have benefits. Call one of our Verona insurance professionals to learn which life solution will work best for you.
What are the benefits of a senior life insurance policy compared to investing in other ways?
The benefits and disadvantages each investment plan will be unique to you, depending on your financial circumstances. In order to make the right choice, selecting an experienced financial professional is necessary.
Who needs senior life insurance?
Everyone needs a senior life insurance policy! It doesn’t matter if you are 25 or 75; you still have a need for this important product.
Why should everyone buy senior life insurance?
- Remove the responsibility of paying for funeral expenses from your family.
- To pay for college tuition, utility bills, food, and other costs of living.
- To pay off mortgages and other outstanding debts.
There are lots of other reasons to purchase senior life insurance. Talk to a Retirement Income Strategies senior life insurance professional to find out more about your options.