PALM TREE


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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 affordable than whole life insurance. No savings option and the only value of term life is the guaranteed death benefit. 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 offers guaranteed renewal; you may be denied, it’s more important than ever to confirm 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 financial burden on surviving family members.


Burial insurance, also referred to as final expense insurance, is typically offered to adults aged 50 to 85. This insurance helps pay for funeral costs and outstanding debts upon your death.


Helping Life Go Right


Services include: • Auto Insurance • Renters Insurance • Life Insurance


• Medicare • Long Term Care


Contact your local State Farm Insurance Agent


Vernon Donovan 912-356-0215 | vernon@insuresavannah.com


www.insuresavannah.com 2116 Ogeechee Rd Savannah GA 31415


ELDER LIVING GUIDE 31


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