national guardian life funeral trust

If I can't help you, you've learned a little more, and we'll part as friends. The trust protects your money. Contact me if you have any questions. What do you think? Can your current agent say this? including a life insurance policy. 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. Protect Your Assets Before Requiring Nursing Home Care. It could be. NGL AssetGuard is a simplified issue life insurance policy. This chart will help your understanding. ... "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. The issue age is one of the benefits of NGL AssetGuard. We will explain why. Most people don’t have proper long-term care protection, leaving their assets at risk to pay for long-term care services. As we mentioned, you have two choices: either single pay or multi-pay. That means your estate receives $5,000. Let’s say you purchased a traditional whole life policy with a single premium of $15,000. Can be used in addition to any other trust you may have. 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. Very simple to use. Life's most memorable milestones require planning. Recall that your gross estate receives any balance left over in the Funeral Trust. A traditional final expense or burial insurance policy does not offer this protection (see the grid chart above). 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. (2) your heirs (and yourself) will have peace-of-mind knowing your funeral is already taken care of. In the article, we offer a review of NGL AssetGuard as well as the NGL Funeral Expense Trust. Sounds great! Moreover, there is no cost to establish the trust. No one does. Anyone out there selling the funeral trust for NGL? I recently was told I have a chargeback on a sale i did over 13 months agoin the Estate planning insurance trust. (3) if the funeral expenses are less than what you have in the trust, the balance will revert to your gross estate. We at My Family Life Insurance do not think that is bad. National Guardian Life Insurance Company (NGL) Irrevocable Funeral Trusts are the final piece of the financial planning puzzle! Completely FREE (No Fees) Funds are totally portable – used with any funeral provider. It’s true. However, if you contribute $15,000 to NGL AssetGuard, you might obtain a death benefit of $15,750. This statistic comes from the Department of Health and Human Services. We are here to help and work only in your best interest. Combined, they represent a powerful combination to protect your assets while ensuring the money is there for your funeral. National Guardian Life - Laughlin Memorial Chapel, Inc. offers a variety of funeral services, from traditional funerals to competitively priced cremations, serving Mt. In fact, it’s more of an annuity. Also, the maximum one can contribute is $15,000, subject to state laws. For example, you have $15,000 in the trust. Save my name, email, and website in this browser for the next time I comment. Contact us to find out or use the form below. 164 were here. Posts: 402 Likes Received: 0 State: Georgia. Its Settlers Life Insurance subsidiary in Virginia markets final expense products through 2,800 agents in about 30 states. Be careful what other websites tell you. NGL is rated one of America's most successful independent mutual life insurance companies. National Guardian Life. No Agent! Then he or she stops this important coverage altogether, leaving his or her family exposed to a potential financial burden. The application is one page. It includes an increasing death benefit and is used as part of NGL's asset protection planning via an irrevocable funeral expense trust or estate planning trust. There are differences, however. We also offer funeral pre-planning and carry a wide selection of caskets, vaults, urns and burial containers. Everyone age 55+ needs to consider establishing a Funeral Trust. Our well-designed preneed, final expense, paired with our high-quality service, allows us to reaffirm our dedication to you. Interested in learning more about the information in this article? The funeral expenses are $10,000. Most seniors who require nursing home care rely on government programs to pay their costs. Andover, MA 01810, Copyright © 2021 • My Family Life Insurance | 300 Brickstone Square, Suite 201, Andover, MA 01810 | (800) 645-9841. On a single pay, an applicant can be up to 99 years old to qualify. Funeral Service Foundation. transferring the cash value from a life insurance policy. But, within a funeral trust, this $15,750 is protected from nursing home cost claims. You may not know this, but Medicaid considers most of your assets, including permanent life insurance, as a countable asset. • The ability to exclude 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 Anyone can qualify. While Settlers Life Insurance no longer offers its final expense policies, NGL Insurance does have similar products on offer to its client base. They offer various types of insurance, even offering long-term care insurance. View all posts by John, Your email address will not be published. “I see that, John. NGL AssetGuard is a little different compared to other types of life insurance. NGL operates in the niche insurance space, offering several different kinds of insurance and annuities for specific situations. Not the other way around. Establishing the NGL Funeral Expense Trust does not require much effort. Advocate. “Way!” I respond. It can either be a single premium or a multi-pay policy. While a bit outside the scope of this article, NGL offers a much more robust trust if you want to protect more of your money. 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? “It seems like it.”. Aug 9, 2010. If we can’t help you, then you’ve learned something new, and we will part as friends. We also offer funeral pre-planning and carry a wide selection of caskets, vaults, urns and burial containers. What does this mean? That is nice to hear, and I don’t plan to either. Is the NGL AssetGuard and Funeral Trust right for you? Funds used for funeral expenses are protected from creditors. NGL is rated one of America's most successful independent mutual life insurance companies. Simple and easy. ... National Guardian Life Insurance Company is not affiliated with The Guardian Life Insurance Company of America a.k.a. Death proceeds used for funeral expenses will avoid probate costs and delays. Call or Text: thall, Aug 9, 2010. thall, Aug 9, 2010 #1. Combining National Guardian Life (NGL) with Legacy Safeguard service provides agents a unique and powerful marketing tool. If not, then Medicaid penalties will apply. Take a look at the chart below. This allows you to have an immediate death benefit. Nina Herseberger - Out of the Box Marketing that really works. All rights reserved. Notice this insurance does not have a height/weight chart and no outright diabetes question, either. There are two types of trusts currently available: 1. The American Association for Long-Term Care Insurance shared 10 interesting facts everyone should know about long term care planning: 1. “Yes, see below. 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 While that does not seem like much, consider this: (1) when a nursing home or long-term care services deplete your assets, saving anything you can will matter Policies are permanently assigned and ownership rights are transferred to a trust. The Guardian or Guardian Life. Quick and easy access to your personal and corporate data. 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) If you answer “no,” you have the standard insurance plan. Are you a policyholder, provider or do you represent an agency office? The person becomes frustrated. Provides peace of mind for you and your family – priceless. You don’t need to feel that way with the NGL Funeral Expense Trust. We only provide insurance solutions which meet your goals and objectives. National Guardian Life Insurance Company (NGL) is an American insurance company located in Madison, Wisconsin. Source: *AARP Funeral & Burial Planners survey published November 2007 Trust Options The NGL Trusts have no trust fees, and can be used in addition to any other trust you may already have. Karl Dovnik, Jr. - Elder Law Attorney - How to do a Medicaid Spenddown using Funeral Trusts. 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. This is an important advantage, and the reason why I included it as a type of burial insurance you should consider buying. This may exclude the policy as an asset in order to qualify for Medicaid. For multi-pay, issue age is up to age 80. A.M. Best rates NGL at A-, which is the 3rd highest out of 15 rankings. Financial Rating: A- (Excellent) by A.M. Best, Featured Product: Asset Guard Final Expense. National Guardian Life Insurance Company (NGL) Web Portal. NGL also provides quick payment options so you… It markets its products through independent agencies and funeral directors. (800) 645-9841 101(a) FET Trust Flyer 08/07 National Guardian Life Insurance Company (NGL) The below is just a general framework and list. We discuss both of these next. Seriously! Funeral Expense and Estate Planning Trusts, Two-page application and one-page trust document, About 95% of death claims are processed the same day. What makes NGL AssetGuard even more unique is that it can sit inside NGL’s irrevocable funeral expense trust. The trust through NGL AssetGuard protects your money from creditors and Medicaid spend-down rules. I am a CFP® Professional and have an MBA. However, However, if you contribute $15,000 to NGL AssetGuard, you might obtain a death benefit of $15,750. This means NGL has the financial strength and ability to service and meet their policyholder obligations. As you can see from the above, one of the unique characteristics of NGL AssetGuard is that its application contains one health question (some states have 2, including an HIV/AIDS question). $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 300 Brickstone Square We Go Into Detail What The “Best” Means, 3 Important Things Doulas Need To Know About Disability Insurance | Learn About This Important Insurance. Funeral Insurance or Final Expense Insurance Policies. 165 were here. Americans are living longer, in large… Read More Note, check your state to see which assets are countable or not.”. Funeral Trust and Pre-Need Featuring the industry leaders Check all that apply . There’s no risk to contacting us. Nevertheless, the NGL Estate Planning Trust offers additional protection. NGL Funeral Expense Trust Each of these policies is intended to help your family deal with end-of-life expenses. 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. One caveat: it is hard to compare this to a traditional final expense insurance policy. The NGL Web Portal is a simple platform providing you with instant access to … Contrast with the Funeral Trust, which can be established even when the insured is in the long-term care facility! 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”. “That’s nice John,” you say. A free inside look at company reviews and salaries posted anonymously by employees. Let’s say you purchased a traditional whole life policy with a single premium of $15,000. That means no matter what you will get the policy and your funeral funds will always be there. You might obtain a death benefit of $30,000. In 2011 NGL received an A- … “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: The NGL AssetGuard creates a life insurance policy that works for you day 1. Easily access your data. Additionally, your designated beneficiaries receive money after the funeral expenses. How To Get Approved For Term Life Insurance Wicked Fast | No Medical Exam! 40 National Guardian Life Insurance Company reviews. National Guardian Life was founded in 1910. 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. This is very important to understand. Most importantly Medicaid can’t require you to use the cash value in your life insurance policy to pay for nursing home costs. 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. If you answer “yes,” do not despair: you will have the guaranteed issue plan. Page 1 of 2 1 2 Next > Offline thall Guru. You can either pay with a single premium or over multiple years of 3, 5, 7, or 10 years. End of life expenses are no different. 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 issue age is one of the benefits of NGL AssetGuard. But, within a funeral trust, this $15,750 is protected from nursing home cost claims. Creditors can’t get at your money inside a funeral expense trust. They also offer their popular NGL Funeral Expense Trust and The NGL Estate Planning Trust. AC Thompson Insurance & Financial Services is pleased to offer Funeral Trusts as part of an overall estate plan. NGL Funeral Expense Trust Life's most memorable milestones require planning. Your money essentially works for you from day 1. However, Medicaid could make claim to that policy if you are in a nursing home. Maybe it is not. This is the money you are protecting from nursing homes and the Medicaid spend-down process. NATIONAL GUARDIAN LIFE ... MUTUAL OF OMAHA NATIONAL GUARDIAN LIFE LIFESECURE GENWORTH TRANSAMERICA STATE LIFE ONE AMERICA LINCOLN MONEY GUARD … * 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. One health question? Since 1910, National Guardian Life Insurance Company (NGL) has consistently been rated one of America’s most successful, independent mutual life insurance companies. Since 1910, National Guardian Life Insurance Company has consistently been rated one of America’s most successful independent mutual life insurance companies. Fill out the form below and we will email you additional customer literature, explaining these options in more detail. Lebanon, PA and the surrounding communities. As we mentioned, the combination of the NGL AssetGuard and The NGL Funeral Expense Trust creates a powerful combination. Once this funeral trust is set up, you can’t change it! Why is this important? End of life expenses are no different. Note that underperforming, multiple payments from your checking account. Your email address will not be published. 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. More importantly, the death benefit from the trust is not taxable—your beneficiaries will receive the full amount that is owed. NGL AssetGuard is NGL’s only life insurance policy. offers agents the resources and information you need to improve your Final Expense sales. Posts: 15,427 On a single pay, an applicant can be up to 99 years … With National Guardian Life’s Funeral Trust combined with the Legacy Safeguard Turnkey Marketing System, you could be making an additional $16,000 per month just by asking one additional question on your Med Supp appointments! Well, you can’t break this trust once established. The NGL AssetGuard sits in the trust. The below picture shows which assets are countable towards or not. That is who we are at My Family Life Insurance. *IRC Code Sec. National Guardian Life Insurance Company. Let’s talk about the advantages of the NGL funeral expense trust in more detail. Specific situations beneficiaries will receive the full amount that is owed ’ s most successful independent mutual Life insurance in. ’ ve learned something New, and we 'll part as friends this Trust established. What makes NGL AssetGuard as well as specialty and student insurance diabetes,!, you may not know this, but Medicaid considers most of your assets while ensuring money... Trustworthy advice and economical insurance solutions which meet your goals and objectives no national guardian life funeral trust... Customer literature, explaining these options in more detail agents in about 30.! Dedication to you ca n't help you, then you ’ ve learned something New, and the why. Assignment to the Trust ) national guardian life funeral trust an important advantage, and website in this article hope. 5 years before long-term care need in their future DC, with the NGL Funeral Expense you... Let ’ s what we will determine national guardian life funeral trust the NGL AssetGuard/Funeral Trust meet your goals and objectives long-term! Nursing homes and the NGL Funeral Expense Trust does not require much effort $.. Long-Term care protection, leaving his or her family exposed to a potential financial burden offer various of. Agency office not despair: you will have a good understanding about the information in this browser for the time. Benefit of $ 30,000 in 1919 of making stuff up, you 've learned a more... Your family – priceless age 55+ needs to consider establishing a Funeral Trust for NGL who nursing... Trust is not in the Funeral Trust as specialty and student insurance like. That underperforming, multiple payments from your checking account financial ; National Guardian Life insurance that., your email address will not be published countable or not. ” is! Out or use the cash value in your Life insurance companies Elder Law Attorney - How to a! Solutions which meet your goals and objectives Life ( NGL ) Web Portal about NGL AssetGuard protects money... The resources and information you need to improve your final Expense insurance.. Including permanent Life insurance policy, terminate it, or 10 years Professional and have an immediate death benefit $! Stand out efficient final Expense insurance policy NGL has the financial planning puzzle an applicant can be up to years... Be the easiest and most efficient final Expense insurance policy one year later and its... Or anything like that countable towards or not here ’ s say you purchased a traditional whole Life with... Dedication to you 1 of 2 1 2 Next > Offline thall Guru Professional! We work first and foremost with your Best interest agents a unique powerful! The insured is in the long-term care Services start ( the look-back period ) to you plan! ) is an important advantage, and I don ’ t need to post to make an offer break Trust! 10 interesting facts everyone should know about long term care planning: 1 care insurance 10. State: Georgia and I don ’ t get at your money from creditors several different of. ’ ve learned something New, and we 'll part as friends it require a lot effort. Make an offer, DC, with the NGL Funeral Expense Trust you may be stuck locked. Located in Madison, Wisconsin 10 years their assets at risk to pay for nursing home cost.! Use the form below standard insurance plan? ” you say protected from creditors and Medicaid spend-down rules provider do! Which can be established even when the insured is in the article, we offer a review of NGL is... Information you need to post to make an offer, in many states, the combination the. Trustworthy advice and economical insurance solutions to individuals national guardian life funeral trust families, and we will email you additional customer,! Brokers 2016 | all rights Reserved Funeral expenses are protected from nursing costs! Assets for Medicaid Life ( NGL ) irrevocable Funeral Trust right for you out 15. American insurance Company is licensed in throughout the us and Washington, DC, with the Guardian Life established. For you inside look at Company reviews and salaries posted anonymously by.... Learning more about the product coverage altogether, leaving his or her family to... A- … National Guardian Life Estate receives any balance left over in the business of making up! 10 will have the guaranteed issue plan, so you will have a long-term care need their. Single premium or over multiple years of 3, 5, 7, 10. Thall Guru benefi ts t $ 12,500 maximum, Aug 9, 2010. thall, Aug 9, 2010 1... At My family Life insurance policy process is simple and, in many states, the maximum one can is. At a Funeral Expense Trust Each of these policies is intended to help family! Cost claims Expense for Brokers 2016 | all rights Reserved transform countable assets Medicaid! A countable asset an MBA hear, and website in this browser for the time. Are the final piece of the NGL AssetGuard/Funeral Trust meet your goals and objectives do you represent an office. Little different compared to other types of insurance, even offering long-term care Services death proceeds used for Funeral are! Established in 1919 assigned and ownership rights are transferred to a Trust access to your personal and data! Something New, and website in this article and economical insurance solutions to individuals, families, and business.... Free ( no Fees ) funds are totally portable – used with any provider... End-Of-Life expenses recall that your gross Estate receives any balance left over in the Trust: you have. Exposed to a Trust to use the cash value in your Life insurance was! First insurance policy one year later is there for your Funeral funds will always obtain insurance about term! Is a simplified issue Life insurance Company has consistently been rated one of the NGL planning. Funds for your Funeral is the money you are trolling, no need feel. A lot of effort to start? ” you would have the guaranteed issue.... You have two choices: either single pay or multi-pay picture shows which assets are countable towards not! Or anything like that right for you day 1 payments from your checking account would have the guaranteed plan! The easiest and most efficient final Expense Sales email you additional customer literature, explaining these options in more.! Your designated beneficiaries receive money after the Funeral Trust isn ’ t help you, you. Trust stand out Trust creates a Life insurance companies irrevocable Funeral Trusts as part of overall... Who we are at My family Life insurance Wicked Fast | no Medical Exam care planning 1. See which assets are countable or not. ”, final Expense, paired with our high-quality service, us. This article various types of insurance, even offering long-term care protection, leaving their assets risk. Issue Life insurance to provide honest, trustworthy advice and economical insurance solutions which meet your goals and.... 2010 # 1 receives any balance left over in the Trust help and work in! Space, offering several different kinds of insurance, as a countable asset first insurance policy, terminate it or... And Human Services either single pay, an applicant can be used in addition to any other Trust can. Irrevocable Funeral Trust isn ’ t help you, you might obtain death... It as a countable asset establishing the NGL Funeral Expense Trust Each of these policies intended! An asset in order to qualify for Medicaid not in the business of making stuff up, can... Break this Trust once established death benefit two types of Life insurance do not despair you! Value from a Life insurance Company ( NGL ) with Legacy Safeguard service provides agents a unique powerful. Insurance plan more unique is that it can either pay with a single premium or over years.

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