Unique Program for Texas Residents Over 65 or Disabled

1. Eligibility: To qualify for the deferral, you must be a Texas resident, either 65 years or older, or legally disabled.
2. Application: You must apply for the property tax deferral through your local county appraisal district.
3. Deferred Payments: Once approved, your property tax payments are postponed until the property is sold or the estate is settled.

By deferring property taxes, you can redirect the money you would have spent on taxes into a second life insurance policy. This approach allows you to:

1. Maintain Your Standard of Living: Keep your monthly spending the same by shifting your tax payments to insurance premiums.
2. Build Cash Value: The life insurance policy accrues cash value over time, providing a financial asset that can be accessed if needed.
3. Create a Legacy: Ensure that your heirs receive the property and additional financial benefits from the life insurance policy.

This unique program offers Texas residents over 65 or those with disabilities a powerful tool to manage their finances more effectively. By deferring property taxes and investing in life insurance, you can build cash value, provide for your heirs, and maintain your financial independence.