That is who we are at My Family Life Insurance. The funeral expenses are $10,000. (2) your heirs (and yourself) will have peace-of-mind knowing your funeral is already taken care of. (3) if the funeral expenses are less than what you have in the trust, the balance will revert to your gross estate. The application is one page. If not, then Medicaid penalties will apply. (800) 645-9841 We only provide insurance solutions which meet your goals and objectives. 300 Brickstone Square “Are you currently on oxygen, hospitalized, receiving hospice care, or residing in a nursing home, long term or residential care facility, or group home; or during the past two years have you been advised by a medical professional to have any surgical procedure that has not been performed; or have you been treated or are you being treated (including medication) by a medical professional for any of the following diseases or disorders: National Guardian Life’s product combined with an irrevocable Funeral Expense Trust or Estate Planning Trust offers an increasing death benefit for final expense planning. You’ve probably never heard of NGL or a funeral expense trust (or funeral trust, for short). Call or Text: Quick and easy access to your personal and corporate data. The combination of the two creates a powerful combination of paying for your funeral expenses as well as protecting one’s assets against nursing home costs. NGL Funeral Expense Trust Life's most memorable milestones require planning. The NGL AssetGuard product sits inside the trust, protecting your money from nursing home costs and ensuring your money is there to pay for your funeral. NGL AssetGuard is a simplified issue life insurance policy. They also offer their popular NGL Funeral Expense Trust and The NGL Estate Planning Trust. National Guardian Life Insurance Company (NGL) Web Portal. No Agent! In 2011 NGL received an A- … One health question? ... National Guardian Life Insurance Company is not affiliated with The Guardian Life Insurance Company of America a.k.a. Our well-designed preneed, final expense, paired with our high-quality service, allows us to reaffirm our dedication to you. End of life expenses are no different. Your policy will be gone. If you answer “yes,” do not despair: you will have the guaranteed issue plan. Take a look at the chart below. Save my name, email, and website in this browser for the next time I comment. Your email address will not be published. Congestive Heart Failure, Immune System Disorder, Chronic Obstructive Pulmonary (lung) Disease, Amputation (caused by disease), Heart Disease, Cirrhosis of the Liver, Emphysema, Alzheimer’s/Dementia, Stroke, Drug or Alcohol Dependency, Amyotrophic Lateral Sclerosis (Lou Gehrig’s Disease), Cancer (other than skin), Kidney failure (including dialysis), Diabetic Coma/Insulin Shock”. The person becomes frustrated. All rights reserved. In conjunction with National Guardian Life Insurance Company, AC Thompson’s funeral trust plans offer: Peace of mind for you and your family; Guaranteed issue – Up to the age of 99; Growth for inflation protection The process is similar to their funeral trust. Why is this important? The trust protects your money. The issue age is one of the benefits of NGL AssetGuard. 164 were here. National Guardian Life Insurance Company (NGL) is an American insurance company located in Madison, Wisconsin. The below is just a general framework and list. Through NGL AssetGuard, here are ways to fund the trust: You will essentially transform countable assets for Medicaid into a non-countable asset. As one of America's most successful, independent mutual life insurance companies, we are licensed to do business in 49 states and the District of Columbia. It’s true. I am a CFP® Professional and have an MBA. It was formed in 1910 and is an independent mutual life insurance company and is licensed to do business in 49 states and the District of Columbia. Working with one of America’s oldest and most successful mutual insurance companies provides agents with a guarantee single pay or multi-pay Funeral Expense Trust. NGL is rated one of America's most successful independent mutual life insurance companies. *IRC Code Sec. The whole life policy offers $50,000 face amount for single pay and $25,000 for 3pay, 5 pay, 7 pay and 10 year pay. It can either be a single premium or a multi-pay policy. Does it require a lot of effort to start?” you ask. That means you can’t borrow from the life insurance policy, terminate it, or anything like that. This allows you to have an immediate death benefit. Seriously! You might obtain a death benefit of $30,000. I founded My Family Life Insurance to provide honest, trustworthy advice and economical insurance solutions to individuals, families, and business owners. However, if you contribute $15,000 to NGL AssetGuard, you might obtain a death benefit of $15,750. transferring the cash value from a life insurance policy. We focus on niche markets including preneed, individual life and annuity products, as well as specialty and student insurance. The process is simple and, in many states, the assignment to the trust is part of the application. “It seems like it.”. With NGL's Funeral Expense Trust you can set aside funds for your funeral. Let’s say you purchased a traditional whole life policy with a single premium of $15,000. The Guardian or Guardian Life. We are here to help and work only in your best interest. This means Medicaid could force you to terminate or dispose of the below assets before it will pay for long-term care services, including nursing homes. “I see that, John. NGL Funeral Expense Trust $15,000 maximum (or City/State limit, if less) The ability to help exclude assets in order to qualify for Medicaid and SSI* when applying immediately The Trust will pay funeral costs with any excess funds going to the estate of the insured NGL Estate Planning Trust $100,000 maximum (or state limit, if less) Let’s say you purchased a traditional whole life policy with a single premium of $15,000. NGL Funeral Expense Trust benefi ts T $12,500 maximum. Michael K. O'Dell - Funeral Trust Guru - How to add an extra $5000 - $10,000 per month using Funeral and Estate Trusts in your planning. But, within a funeral trust, this $15,750 is protected from nursing home cost claims. Contact me if you have any questions. $50,000 – $99,999 Batesville Homesteaders Matthews International Michigan Funeral Directors Association New York State Funeral Directors Association Precoa Selected Independent Funeral Homes & Selected Educational Trust Trigard/Darby Family Offline Newby Guru. It could be. No one does. National Guardian is a mutual company controlled by its policy owners and is licensed to do business in 49 states and the District of Columbia. The advantages of the NGL Funeral Expense Trust stand out. Suite 201 Notice this insurance does not have a height/weight chart and no outright diabetes question, either. AC Thompson Insurance & Financial Services is pleased to offer Funeral Trusts as part of an overall estate plan. Easily access your data. It’s true. But, within a funeral trust, this $15,750 is protected from nursing home cost claims. “That’s nice John,” you say. However, we used the term “irrevocable” before. What makes NGL AssetGuard even more unique is that it can sit inside NGL’s irrevocable funeral expense trust. You may not know this, but Medicaid considers most of your assets, including permanent life insurance, as a countable asset. This is an important advantage, and the reason why I included it as a. However, However, if you contribute $15,000 to NGL AssetGuard, you might obtain a death benefit of $15,750. Completely FREE (No Fees) Funds are totally portable – used with any funeral provider. However, Medicaid could make claim to that policy if you are in a nursing home. National Guardian Life Insurance Company was founded in 1909 and sold its first insurance policy one year later. We at My Family Life Insurance do not think that is bad. Remember if you answer “yes,” you would have the guaranteed issue plan, so you will always obtain insurance. There are two types of trusts currently available: 1. DelcoUSA Training Videos; Live Radio Show; Contracting. On a single pay, an applicant can be up to 99 years … If I can't help you, you've learned a little more, and we'll part as friends. Contact us to find out or use the form below. Jim, I know you are trolling,no need to post to make an offer. First, we discuss their AssetGuard product. Posts: 15,427 Required fields are marked *. Featured Product: Asset Guard Final Expense AssetGuard is a fixed rate final expense whole life product that offers a single, 3, 5, 7, and 10 year payment. See the diagram below. One way to pay for your funeral expenses in advance is to purchase a funeral insurance policy, also known as final expense insurance.When buying life insurance policies, you can assign a beneficiary to receive the death benefit, such as a family member, a friend, or anyone else who you trust. NGL AssetGuard is a simplified issue life insurance policy. It ensures your heirs that money will be there upon your death. Posts: 402 Likes Received: 0 State: Georgia. We will explain why. Combined, they represent a powerful combination to protect your assets while ensuring the money is there for your funeral. Aug 9, 2010. Funeral Insurance or Final Expense Insurance Policies. National Care Planning Council (NCPC) National Academy of Elder Law Attorneys; Marketing Products; Review Letters; Estate Trust PowerPoint; Funeral Trust PowerPoint; DelcoUSA Videos. Most importantly Medicaid can’t require you to use the cash value in your life insurance policy to pay for nursing home costs. (4) the trust and funds are portable. Fill out the form below and we will email you additional customer literature, explaining these options in more detail. While Settlers Life Insurance no longer offers its final expense policies, NGL Insurance does have similar products on offer to its client base. End of life expenses are no different. to speak with a Final Expense Expert or send us an e-mail info@carevalue.com. Everyone age 55+ needs to consider establishing a Funeral Trust. Can your current agent say this? Final Expense For Brokers 2016 | All Rights Reserved. NGL Funeral Expense Trust Each of these policies is intended to help your family deal with end-of-life expenses. * You don’t need to feel that way with the NGL Funeral Expense Trust. NATIONAL GUARDIAN LIFE ... MUTUAL OF OMAHA NATIONAL GUARDIAN LIFE LIFESECURE GENWORTH TRANSAMERICA STATE LIFE ONE AMERICA LINCOLN MONEY GUARD … Policies are permanently assigned and ownership rights are transferred to a trust. Carl Wackerle - Vice President - National Guardian Life The issue age is one of the benefits of NGL AssetGuard. A traditional final expense or burial insurance policy does not offer this protection (see the grid chart above). And, if you already have a permanent life insurance policy with cash value, Medicaid will force you to terminate the policy and use the cash value to pay for long-term care / nursing home costs. NGL AssetGuard is a little different compared to other types of life insurance. This may exclude the policy as an asset in order to qualify for Medicaid. In the article, we offer a review of NGL AssetGuard as well as the NGL Funeral Expense Trust. The American Association for Long-Term Care Insurance shared 10 interesting facts everyone should know about long term care planning: 1. That is nice to hear, and I don’t plan to either. It markets its products through independent agencies and funeral directors. What do you think? National Guardian Term Life Insurance offers a variety of services, including: Flexible products, including trust options Convenient credit card premium-pay Call for Quotes : 844-217-5486 Toggle navigation We also offer funeral pre-planning and carry a wide selection of caskets, vaults, urns and burial containers. Moreover, there is no cost to establish the trust. Also, the maximum one can contribute is $15,000, subject to state laws. November is National Long Term Care Awareness Month which means it is the perfect opportunity to learn more about what long term care is and the need for it. Keeps assets up to $15,000 safe from creditors. We will determine if the NGL AssetGuard/Funeral Trust meet your goals and objectives. 165 were here. Guaranteed issue if you answer yes. Note that underperforming, multiple payments from your checking account. It is called the NGL Estate Planning Trust. National Guardian Life Insurance Company (NGL) Irrevocable Funeral Trusts are the final piece of the financial planning puzzle! National Guardian Life’s product combined with an irrevocable Funeral Expense Trust or Estate Planning Trust offers an increasing death benefit for final expense planning. Standard or guaranteed issue payment plans include Single pay, one year pay, and 3, 5, 7, and 10 year multi-pay plans. Recall that your gross estate receives any balance left over in the Funeral Trust. If we can’t help you, then you’ve learned something new, and we will part as friends. When a person is searching for the right final expense or burial insurance, sometimes the breadth of carriers and products makes the process confusing and intimidating. We also offer funeral pre-planning and carry a wide selection of caskets, vaults, urns and burial containers. • Privacy Policy • Marketing by Vision Advertising. A.M. Best rates NGL at A-, which is the 3rd highest out of 15 rankings. In fact, it’s more of an annuity. The NGL Web Portal is a simple platform providing you with instant access to … More importantly, the Estate Planning Trust must be created at least 5 years before long-term care services start (the look-back period). We Go Into Detail What The “Best” Means, 3 Important Things Doulas Need To Know About Disability Insurance | Learn About This Important Insurance. Interested in learning more about the information in this article? An Irrevocable Funeral Trust isn’t your normal life insurance policy. Protect Your Assets Before Requiring Nursing Home Care. Then he or she stops this important coverage altogether, leaving his or her family exposed to a potential financial burden. How To Get Approved For Term Life Insurance Wicked Fast | No Medical Exam! Funeral Service Foundation. Americans are living longer, in large… Read More Advantages Of The NGL Funeral Expense Trust, Now You Know The Powerful Combination Of NGL AssetGuard And The NGL Funeral Expense Trust, Medicaid could make claim to that policy if you are in a nursing home, type of burial insurance you should consider buying, Medicaid considers most of your assets, including permanent life insurance, as a countable asset, 7 out of 10 will have a long-term care need in their future, protecting your money from nursing home costs, What Are The Best Medicare Supplement Plans In Massachusetts? The NGL AssetGuard creates a life insurance policy that works for you day 1. Page 1 of 2 1 2 Next > Offline thall Guru. Nina Herseberger - Out of the Box Marketing that really works. Since 1910, National Guardian Life Insurance Company has consistently been rated one of America’s most successful independent mutual life insurance companies. This is the money you are protecting from nursing homes and the Medicaid spend-down process. Instant Approval! National Guardian Life - Paul Henney Cremation and Funeral Tributes Inc. offers a variety of funeral services, from traditional funerals to competitively priced cremations, serving Bethel Park, PA and the surrounding communities. ... "Don't trust the executive team" 1.0 ... leader in the preneed industry for their superior customer experience and collaborative partnerships with agents and funeral homes," said Jennifer.