Why Get Life Insurance
Reap Financial is your expert on life insurance in the Lakeway region. After looking over your unique circumstance, we can suggest your best option. Guarantee some extra stability to your family by calling us today.
What Does Life Insurance Do?
Similar to other types of insurance, life insurance is a contract connecting the client and the insurance business who provides the policy. As you pay your premium consistently, the insurance provider will pay out a lump sum of money to those listed on the insurance policy in the circumstance of the policy owner's passing.
What is the Difference Between Term, Whole and Universal Life Insurance?
In general there are 3 kinds of life insurance to opt for: term, whole and universal. When it comes to the difference between term and whole life insurance, it's essential to remember the truth.
Term life insurance means you simply submit payments for an agreed upon amount of time, and the benefit to your beneficiaries lasts only for a temporary period. Conversely, whole and universal life insurance policies are more stable. They remain the span of the policy owner's life and give advantages such as quick access to savings, cash value and tax-advantage expansion to develop your assets.
There are perks and downfalls to each type of life insurance policy. Talk to any of our insurance professionals near Lakeway to see which life insurance plan is best for your situation.
Life Insurance Financial Benefits
Every retirement planning program has its share of advantages and disadvantages depending on each client's specific background. This is why partnering with a skilled financial adviser is a necessity.
Is Life Insurance Necessary?
- Your family will be able to afford funeral arrangements without draining their resources.
- Cover the needs of dependents still living with family.
- Settle outstanding debts and pay off items such as mortgages.
These are only a few reasons why you should purchase life insurance. Find out more details by speaking with a life insurance professional from Retirement Investment Strategies for a free life insurance consultation.