Senior Insurance
Helping Build Financial Confidence Through Retirement
Cornerstone Wealth Management can help you find life insurance for seniors. Many seniors are living longer, and their life insurance policies may not be enough. We’ll assess your situation and recommend the best option to help plan your future. Contact us today.
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The Importance of Designating Beneficiaries
When life gets hectic and your to-do list seems endless, it can be easy to let financial planning details slip through the cracks. However, updates to your designated beneficiaries on 401(k) plans, IRA accounts, and other retirement assets is vitally important.
Senior Insurance
FREQUENTLY ASKED QUESTIONS
What is Senior Life Insurance?
Senior life insurance is a contract between a person and an insurance provider. The company agrees to pay a lump sum to a designated beneficiary in the event of the policyholder’s death in return for regular payments or premium.
What Are the Pros and Cons of Term and Universal Life Insurance?
Pros and cons of term and universal life insurance:
With term life insurance, the owner of the policy pays for a specific amount of time, and the benefits last for a fixed period.
Universal or whole senior life insurance is guaranteed for the duration of the owner’s life. This life insurance offers easy access to funds and provides tax-advantaged wealth growth.
You can find benefits to both types of senior life insurance. Call one of our Las Vegas insurance professionals to learn which life insurance solution will work best for you.
Please keep in mind insurance companies alone determine insurability, and some people, for their own health or lifestyle reasons, are deemed uninsurable.
Why Should I Consider Senior Life Insurance?
- Remove the burden of paying for funeral expenses from your family.
- To cover school fees, bill payments, groceries, and other costs of living.
- Paying off mortgages and other debts.
These represent just some of the reasons why you may need senior life insurance. Cornerstone Wealth Management can help you find the right policy at a good price. Our experienced agents can provide free quotes on life insurance policies for seniors and guide you to the ideal solution. Don’t let being uninsured be a burden; talk to a Cornerstone Wealth Management senior life insurance professional today.