REAP Financial & Life Insurance
REAP Financial is your specialist on life insurance across the Lakeway area. After learning your unique circumstance, we will suggest your best option. Invest in some extra stability to your family by calling us now.
What is Life Insurance?
Life insurance is a contract between an individual and an insurance company. The client pays a regular amount, referred to as a "premium", on a regular basis, and in return the company hands out a cash sum to the chosen beneficiary under certain conditions usually after the policy owner passes away.
Term, Whole and Universal Insurance
Prior to buying life insurance, learn the differences between term, whole and universal policies. It's important to have the right information about term and whole life insurance.
Term life insurance means you simply pay for an agreed upon amount of time, and the benefit to your heirs only lasts for a fixed period. Whole and universal life insurance are the two most typical kinds of stable life insurance. These policies are permanent solutions, guaranteed to last the entire duration of the owner's life. If correctly created, there are many benefits to universal or whole policies, such as easy access to saved resources, while also adding to the monetary value, because it allows for tax-advantaged expansion of wealth.
There are pros and cons to each kind of life insurance policy. The professionals from REAP Financial of Lakeway can help you figure out which policy is best for you and your family.
Life Insurance and Financial Benefits
All families are different, which is why every life insurance policy is different. Being able to figure out which policy matches your needs is best left to a professional.
Do I Need Life Insurance?
- Forget the trouble of funding funeral arrangements for your family.
- Afford the cost of kids still living with family.
- Complete remaining debts and pay off expenses like mortgages.
If you want to learn more about life insurance and how it can protect your family, call REAP Financial in Lakeway today.