, Life Insurance
REAP Financial is the life insurance specialist across the region. By learning your special circumstance, we can suggest the best option for you. Guarantee some extra stability to your retirement by talking to us now.
What's Life Insurance?
Life insurance is an agreement linking an individual and an insurance company. The customer gives a regular amount, referred to as a "premium", more often, and in return the insurance provider hands out a lump sum to the policy holder's beneficiary under specific circumstances most often at the policy owner's time of death.
Which Life Insurance Policy is Best?
Prior to purchasing life insurance, learn the defining features of term, whole and universal policies. It's crucial to have the right information about term and whole life insurance.
Term life insurance means you only send in money for an agreed upon amount of time, and your recipients only recieve compensation for a set period. Whole and universal life insurance are the two most used kinds of stable life insurance. These policies are permanent solutions, guaranteed to last the rest of the owner's lifetime. If correctly created, there are several perks to universal or whole plans, such as easy access to needed funds, while also providing monetary value, as it allows for tax-advantaged expansion of wealth.
There are perks and downfalls to every variety of plan. The professionals from REAP Financial in can help you decide which type of life insurance works best for you.
Life Insurance and Financial Benefits
Your preferences will dictate the most fitting life insurance policy for you and your family. Financial professionals can help you select the best life insurance policy to reach your goals during the next few decades.
Is Life Insurance Necessary?
- Your family will be able to fund funeral costs without draining their resources.
- Supports any living children or dependents at home.
- Pay off mortgages and remaining additional expenses.
If you would like to learn more concerning life insurance and how it protects your family, reach out to REAP Financial of today.