Life Insurance from REAP Financial
REAP Financial is the life insurance expert in the Round Rock area. By looking over your special situation, we will recommend the best option. Add some more stability to your family by calling us now.
What Does Life Insurance Do?
Life insurance is a contract between a policy holder and an insurance company. The policy holder forfeits a specified payment, referred to as a "premium", regularly, and in exchange the insurance provider gives a cash sum to the policy holder's beneficiaries under certain conditions most often after the policy owner passes away.
What is the Difference Between Term, Whole and Universal Life Insurance?
Before you buy life insurance, learn the differences between term, whole and universal policies. It's crucial to know the right information about term and whole life insurance.
Term life insurance is paid across an established amount of time, and your recipients will only get payments for a set period. On the other hand, whole and universal life insurance plans are more stable. They last the entirety of the policy owner's life and give perks like quick access to funds, cash value and tax-advantage expansion to add to your assets.
There are pros and cons to each variety of policy. Talk to one of our Round Rock insurance professionals to find out which life insurance solution is best for your needs.
Advantages of Life Insurance
Your preferences will dictate the most effective life insurance policy for you and your family. This is why partnering with a trained financial professional is a necessity.
Is Life Insurance Necessary?
- Your family will be able to pay for funeral costs without draining their resources.
- Afford the cost of kids still living with family.
- Settle mortgages and other additional debts.
These are only a portion of the reasons why life insurance is a wise purchase. Find out more by speaking with a life insurance specialists from REAP Financial for a no cost life insurance estimate.