Life Insurance in Round Rock, Tx
REAP Financial is a team of life insurance specialists in the Round Rock area. In order to find the option that is best for you, we'll take your unique situation into account. Call us today to take steps towards improved financial security.
What is Life Insurance?
Life insurance is an agreement between an insurance provider and a customer which outlines the obligations of each party. The customer agrees to pay a specified amount, called a “premium”, at regular intervals, and the company agrees to pay a lump sum to the designated beneficiary under certain circumstances (generally at the policy owner’s time of death).
What is the difference between universal, whole & term life insurance? What are their pros & cons?
With term life insurance, the owner of the policy pays for a specific amount of time and the benefits lasts for a fixed period.
Whole and universal life insurance are both permanent, guaranteed for the duration of the owner’s life. If correctly set up, these life insurance plans provide simple access to needed funds, while providing tax-advantaged growth of wealth.
Each form of life insurance offers benefits. Speak with our life insurance professionals in Round Rock to learn more about term, whole, and universal life insurance and discover the best solution for you.
What are the financial benefits of a life insurance policy as opposed to investing in other ways?
The pluses and minuses of each investment program will be unique to you, depending on your financial situation. Choosing an experienced financial professional is the best way to ensure you choose the right path.
Who Needs Life Insurance?
The simple answer? Everyone needs life insurance.
Why Should You Purchase Life Insurance?
- Funerals cost thousands of dollars. Why place that burden on your family?
- To cover the cost of living, such as school fees, groceries, and bills.
- To pay off outstanding debts, including mortgages.
There are several other reasons to buy life insurance. Learn more about your options by contacting a life insurance professional at REAP Financial.