Life Insurance

Lakeway, Tx Life Insurance

Our team of Lakeway life insurance specialists can help you through the unfamiliar process of choosing your life insurance policy. We will look over your unique situation in order to locate the best option for you. Call us now to take the necessary steps towards a more secure future.

What is Life Insurance?

Life insurance is an agreement between a customer and an insurance company which outlines each party’s obligation to one another. The customer agrees to pay a specified amount of money, called a “premium”, at regular intervals, and the company agrees to pay a designated amount to a beneficiary nce the term of insurance is over (generally at the policy owner’s time of death).

Universal, Whole & Term Life Insurance

With term life insurance, the policy owner pays for a specified time frame and the benefits are only available for a set period.

Conversely, whole and universal life insurance are both permanent, guaranteed for the owner's entire life. The benefits of these kinds of life insurance include easy access to funds and tax-advantaged growth of wealth.

All varieties of life insurance offer benefits. Contact one of our licensed Lakeway life insurance professionals to learn more about which life insurance solution will work best for you.

How does life insurance compare to other investment options?

The benefits and disadvantages to each investment plan will be unique to you, depending on your financial situation. The most important thing to think about is how to select a professional financial professional who will take care of your needs.

Who Needs Life Insurance?

The answer is simple: Everyone needs life insurance.

Why Should Everyone Buy Life Insurance?

  • Remove the responsibility of paying for funeral expenses from your family.
  • To cover the expense of children that may still be living at home.
  • To pay off mortgages and other outstanding debts.

These reasons are only the beginning. Talk to a life insurance professional from REAP Financial now to find out more.