Life Insurance from REAP Financial
REAP Financial is your expert on life insurance across the Pflugerville region. After learning your unique situation, we will help you select the best option for you. Add some more security for your future by calling us today.
How Does Life Insurance Work?
Similar to other kinds of insurance, life insurance is a contract between the client and the insurance business who sells the plan. When you pay your premium consistently, the insurance company will return a lump sum of money to those included on the insurance plan in the instance the policy owner expires.
What is the Difference Between Term, Whole and Universal Life Insurance?
Commonly there are 3 types of life insurance to consider: term, whole and universal. When it comes to the difference between term vs. whole life insurance, it's essential to have the truth.
Term life insurance is not permanent and only requires payment for a specific period of time to benefit your survivors for an established period of time. Whole and universal life insurance are the two most common types of life insurance. They are long-lasting plans, set up to last the rest of the policy owner's lifetime. If properly set up, there are several benefits to universal or whole types of life insurance plans, including quick access to your funds, while also providing cash value, because it adds to tax-advantaged development of your savings.
There are pros and cons to every variety of life insurance plan. Talk to one of our insurance professionals near Pflugerville to find out which life insurance plan works best for you.
What You Get from Life Insurance
Every retirement planning program has its ups and downs based on every customer's particular history. This is why partnering with a trained financial professional is a must.
Is Life Insurance Necessary?
- Your family will be able to afford funeral costs without expense to themselves.
- Cover the expense of dependents still living with family.
- Settle mortgages and remaining outstanding debts.
If you want to find out more related to life insurance and how it protects your family, contact REAP Financial of Pflugerville now.