Austin, Tx Senior Life Insurance Choices
REAP Financial is your specialist on life insurance across the Austin region. After analyzing your unique circumstance, we can suggest your best option. Add some extra security for your family by talking to us now.
What's Life Insurance?
Like other policies of insurance, life insurance is a contract between a policy holder and an insurance company. The client forfeits an agreed upon payment, referred to as a "premium", commonly, and in exchange the company hands out a lump sum to the designated beneficiary under certain circumstances most often after the policy owner dies.
Types of Insurance
Before you purchase life insurance, learn the differences between term, whole and universal policies. It's important to know the facts about term and whole life insurance.
Term life insurance means you only submit payments for an agreed upon amount of time, and the benefit to your heirs lasts only for a set period. Whole and universal life insurance are the two most typical types of life insurance. They are permanent solutions, guaranteed to last the entire duration of the owner's life. If correctly created, there are many perks to universal or whole types of life insurance policies, such as easy access to needed resources, while also providing monetary value, because it adds to tax-advantaged development of wealth.
There are pros and cons to every type of policy. Contact one of our insurance experts in Austin to find out which plan works best for your needs.
What You Get from Life Insurance
Your preferences will determine the best life insurance plan for you and your loved ones. This is why selecting a skilled financial adviser is necessary.
Is Life Insurance Necessary?
- Your family will be able to pay for funeral arrangements without expense to themselves.
- Cover any surviving kids or dependents at home.
- Settle mortgages and remaining additional expenses.
The experts from REAP Financial in Austin are ready to help you. We know the realm of life insurance and the best plan to fit you with. Call us for advice today.