PALM TREE
27
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.
Genell Holloway,
President
gholloway@eagle-hollow.com
As benefi ts consultants, we provide a range of services for businesses and individuals in the insurance industry.
We Insure Your Trusted Golden Benefi ts. Our services cover Health & Medicare:
Dental/Vision/Hearing Accident Cancer
Critical Illness Life insurance Final Expense Retirement Options
Insuring Your Trusted Golden Benefits Individuals • Small Business Owners
Eagle Hollow Enterprises, Inc.
www.eagle-hollow.com | 901-653-5323
ELDER LIVING GUIDE 27
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