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Metairie Life Insurance

Gregory Ricks & Associates is your life insurance specialists in the area of Metairie, La. Our life insurance professionals will help you find the best life insurance option for your specific situation. Contact us now to take steps towards improved financial security.

What’s senior life insurance?

Senior life insurance sets forth an agreement between an insurance provider and a customer. The customer pays a specified amount, or “premium”, on a regular basis, and the company pays a lump sum to the designated beneficiary under certain circumstances (generally 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 means you only pay for specific period of time, and the benefit to your heirs only lasts for a certain time.

In contrast, universal or whole senior life insurance is guaranteed for the entire duration of the owner’s life. If correctly set up, these senior life insurance plans can provide easy access to funds, while providing tax-advantaged growth of wealth.

There are advantages to each type of senior life insurance. To find out which senior life insurance solution will work best for you, speak with our Metairie insurance professionals.

What are the benefits of senior life insurance policy compared to investing in other ways?

All investment strategies have pros and cons depending on each client’s individual financial circumstance. This is why selecting an experienced financial advisor is a necessity.

Who Needs Senior life insurance?

The answer is simple: everyone. Senior life insurance provides peace of mind to people at any stage of life.

Why Should Everyone Purchase Senior life insurance?

  • Funerals cost tens of thousands of dollars. Why put that burden on your family?
  • To cover living expenses, such as school fees, groceries, and utility bills.
  • Paying off mortgages and other outstanding debts.

These are just some of the reasons why you need senior life insurance. Talk to a senior life insurance professional at Gregory Ricks & Associates to find out more about your options.