Life Insurance from REAP Financial
Regardless of how old you are, life insurance is an effective plan to guard your family. Sometimes tragedy strikes and you will need to be able to help your family with additional resources when it does. Talk to REAP Financial to hear more about our life insurance services.
What Does Life Insurance Do?
Similar to other kinds of insurance, life insurance is a contract between the client and the insurance business who supports the plan. When you pay your premium normally, the insurance provider will return a set amount of cash to those listed on the insurance plan in the circumstance the policy owner passes on.
Term, Whole and Universal Insurance
Before you buy life insurance, you should know the differences between term, whole and universal policies. It's important to have the facts about term and whole life insurance.
Term life insurance is not permanent and only needs to be paid for a specific period of time to benefit your heirs for a set period of time. Whole and universal life insurance are the two most common types of stable life insurance. They are continuous solutions, meant to endure the entire duration of the owner's lifetime. If correctly created, there are many advantages to universal or whole types of life insurance policies, like easy access to your funds, while additionally providing monetary value, as it makes for tax-advantaged growth of wealth.
There are perks and downfalls to every variety of life insurance plan. Talk to any of our Georgetown insurance specialists to see which life insurance solution works best for you.
Life Insurance Financial Benefits
Your needs will decide the most effective life insurance policy for you and your family. Financial specialists will help you choose the most fitting life insurance policy to meet your goals during the next few years.
Is Life Insurance Necessary?
- Forget the trouble of paying for funeral arrangements for your family.
- Covers any surviving children or dependents at home.
- Settle outstanding debts and finish off expenses such as mortgages.
These are only a few reasons why you should purchase life insurance. Find out more by speaking with a life insurance professional at REAP Financial for a no cost life insurance consultation.