Lake Gibson Village
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Term Life Insurance
Covers you for a set amount of time (such as 10, 20, or 30 years). Premiums may be more aff ordable than whole life insurance. No savings option and the only value of term life is the guaranteed death benefi t. Some term life policies can be converted to whole life insurance.
Once the term has ended, there may be an option to renew. Not all term life insurance off ers guaranteed renewal; you may be denied, it’s more important than ever to confi rm your whole life insurance policy’s “age expiration.”
Whole Life Insurance • Provides coverage for your entire life
• Fixed premiums • Some whole life insurance policies pay dividends • Builds cash value on a tax-deferred basis • Ability to borrow against your policy’s cash value • Burial Insurance
As older adults plan for potential end-of-life expenses, some opt for burial insurance to lessen the fi nancial burden on surviving family members.
Burial insurance, also referred to as fi nal expense insurance, is typically off ered to adults aged 50 to 85. This insurance helps pay for funeral costs and outstanding debts upon your death.
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863-276-1979 (TTY: 711) Monday – Friday, 8 a.m. – 5 p.m.
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