Verona Senior Life Insurance
Retirement Income Strategies is the solution if you’re looking for life insurance in Verona. 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 today.
What is senior life insurance?
Senior life insurance is a contract between an insurance company and a customer which outlines each party’s obligation to one another. The customer agrees to pay a specified amount, or “premium”, on a regular basis, and in return the company agrees to pay a lump sum to the designated beneficiary under certain circumstances (usually at the policy owner’s time of death).
What is the difference between term & universal life insurance? What are the pros & cons of each?
Term life insurance is linked to a specified time period, regarding both the premium payments and the payout.
Universal or whole senior life insurance is permanent, guaranteed for the duration of the owner’s life. If set up correctly, universal or whole senior life insurance plans provide simple access to needed funds, while providing tax-advantaged growth of wealth.
Both varieties of senior life insurance offer benefits. To find out which senior life insurance solution will work best for you, talk to our insurance professionals in Verona.
How does senior life insurance compare to other investment options?
The benefits and disadvantages every investment plan will be specific to you, depending on your financial circumstances. This is why selecting a financial professional is a necessity.
Who needs senior life insurance?
Everyone needs a senior life insurance policy! It doesn’t matter if you are 21 or 71; you have a need for this important financial product.
Why should everyone purchase senior life insurance?
- Funerals cost thousands of dollars. Why place that burden on your family?
- To pay for the cost of living, such as tuition, groceries, and utility bills.
- Paying off mortgages and other outstanding debts.
These are just some of the reasons why you should buy senior life insurance. Talk to a Retirement Income Strategies senior life insurance professional to find out more about your options.