REAP Financial and Life Insurance
REAP Financial is the life insurance specialist across the Austin region. After looking over your financial situation, we can help you select the best option for you. Invest in some more security for your future by talking to us today.
What is Life Insurance?
Life insurance is a contract between a policy holder and an insurance provider. The customer pays an agreed upon payment, called a "premium", typically, and in exchange the company hands out a cash sum to the policy holder's beneficiaries under certain conditions most often at the policy owner's time of death.
Types of Insurance
Before you buy life insurance, you should know the defining features of term, whole and universal policies. It's crucial to understand the right information about term and whole life insurance.
Term life insurance is temporary and only requires payment for a set amount of time to benefit your survivors for a set amount of time. On the other hand, whole and universal life insurance policies are more stable. They endure the entirety of the policy owner's life and offer advantages such as easy access to funds, cash value and tax-advantage growth to add to your assets.
Both types of life insurance have their pros and cons. Talk to one of our Austin insurance specialists to find out which life insurance plan is best for you.
What You Get from Life Insurance
Every family is different, which is why every life insurance policy is different. This is why selecting a trained financial adviser is a necessity.
Is Life Insurance Necessary?
- Remove the trouble of funding funeral costs from your family.
- Covers any living children or dependents at home.
- Settle remaining debts and pay off expenses such as mortgages.
If you want to learn more about life insurance and how it can protect your family, contact REAP Financial near Austin today.