Senior Life Insurance Options throughout Pflugerville, Tx
Whatever your age, life insurance is an effective plan to keep your family safe. Occasionally tragedy strikes and you should be able to help your family with additional security when it does. Call REAP Financial to learn more about our life insurance products.
What Does Life Insurance Do?
Like other policies of insurance, life insurance is an agreement linking an individual and an insurance company. The customer submits a specified amount, referred to as a "premium", regularly, and in return the insurance provider hands out a cash sum to the designated beneficiaries under certain conditions usually after the policy owner dies.
What is the Difference Between Term, Whole and Universal Life Insurance?
Prior to purchasing life insurance, consider the differences between term, whole and universal policies. It's good to know the facts about term and whole life insurance.
Term life insurance is not permanent and only requires payment for an agreed uponspecific period of time to help your heirs for a set period. Conversely, whole and universal life insurance policies are more stable. They endure the duration of the policy owner's life and offer perks like quick access to funds, cash value and tax-advantage expansion to add to your assets.
Both kinds of life insurance have their share of perks and downfalls. Speak with any of our Pflugerville insurance professionals to find out which plan works best for you.
Life Insurance and Financial Benefits
Your needs will determine the most fitting life insurance policy for you and your family. This is why choosing a skilled financial professional is necessary.
Is Life Insurance Necessary?
- Your family will be able to afford funeral arrangements without expense to themselves.
- Support any surviving children or dependents at home.
- Settle mortgages and other additional debts.
These are only a few reasons why you should buy life insurance. Learn more details by talking to a life insurance specialists at REAP Financial for a no cost life insurance quote today.