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national guardian life funeral trust

national guardian life funeral trust

Policies are permanently assigned and ownership rights are transferred to a trust. Final Expense For Brokers 2016 | All Rights Reserved. NGL AssetGuard is NGL’s only life insurance policy. However, However, if you contribute $15,000 to NGL AssetGuard, you might obtain a death benefit of $15,750. Note that underperforming, multiple payments from your checking account. Be careful what other websites tell you. Combined, they represent a powerful combination to protect your assets while ensuring the money is there for your funeral. It’s true. We discuss both of these next. Offline Newby Guru. 40 National Guardian Life Insurance Company reviews. In the article, we offer a review of NGL AssetGuard as well as the NGL Funeral Expense Trust. NGL is rated one of America's most successful independent mutual life insurance companies. Additionally, your designated beneficiaries receive money after the funeral expenses. National Guardian Life Insurance Company is not affiliated with The Guardian Life Insurance Company of America, a/k/a The Guardian or Guardian Life. Is the NGL AssetGuard and Funeral Trust right for you? Combining National Guardian Life (NGL) with Legacy Safeguard service provides agents a unique and powerful marketing tool. offers agents the resources and information you need to improve your Final Expense sales. Easily access your data. NGL also provides quick payment options so you… Not the other way around. National Guardian Life. National Guardian Life Insurance Company (NGL) Irrevocable Funeral Trusts are the final piece of the financial planning puzzle! That is nice to hear, and I don’t plan to either. We hope you see the benefit of the NGL AssetGuard combined with the NGL Funeral Expense Trust. But, within a funeral trust, this $15,750 is protected from nursing home cost claims. Take a look at the chart below. Life's most memorable milestones require planning. 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. There are two types of trusts currently available: 1. A.M. Best rates NGL at A-, which is the 3rd highest out of 15 rankings. 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! See the diagram below. The advantages of the NGL Funeral Expense Trust stand out. We also offer funeral pre-planning and carry a wide selection of caskets, vaults, urns and burial containers. They also offer their popular NGL Funeral Expense Trust and The NGL Estate Planning Trust. Funds used for funeral expenses are protected from creditors. Posts: 15,427 Your death benefit operates on a graded schedule. However, Medicaid could make claim to that policy if you are in a nursing home. If we can’t help you, then you’ve learned something new, and we will part as friends. The trust through NGL AssetGuard protects your money from creditors and Medicaid spend-down rules. In fact, it’s more of an annuity. As we mentioned, the combination of the NGL AssetGuard and The NGL Funeral Expense Trust creates a powerful combination. There are differences, however. An Irrevocable Funeral Trust isn’t your normal life insurance policy. For example, you have $15,000 in the trust. 300 Brickstone Square I am a CFP® Professional and have an MBA. Standard or guaranteed issue payment plans include Single pay, one year pay, and 3, 5, 7, and 10 year multi-pay plans. Required fields are marked *. Financial Rating: A- (Excellent) by A.M. Best, Featured Product: Asset Guard Final Expense. NGL AssetGuard is a simplified issue life insurance policy. NATIONAL GUARDIAN LIFE ... MUTUAL OF OMAHA NATIONAL GUARDIAN LIFE LIFESECURE GENWORTH TRANSAMERICA STATE LIFE ONE AMERICA LINCOLN MONEY GUARD … Well, you can’t break this trust once established. (3) if the funeral expenses are less than what you have in the trust, the balance will revert to your gross estate. In our opinion, this insurance could be the easiest and most efficient final expense or burial insurance policy that we have worked with. The company is licensed in throughout the US and Washington, DC, with the exception of New York. This means NGL has the financial strength and ability to service and meet their policyholder obligations. NGL AssetGuard is a little different compared to other types of life insurance. 165 were here. including a life insurance policy. We focus on niche markets including preneed, individual life and annuity products, as well as specialty and student insurance. 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. Why is this important? 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. Moreover, there is no cost to establish the trust. *IRC Code Sec. This may exclude the policy as an asset in order to qualify for Medicaid. “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: It can either be a single premium or a multi-pay policy. • The ability to exclude The funeral expenses are $10,000. It’s true. Most importantly Medicaid can’t require you to use the cash value in your life insurance policy to pay for nursing home costs. Simple and easy. It ensures your heirs that money will be there upon your death. I think we can all agree DHS is not in the business of making stuff up, right? It markets its products through independent agencies and funeral directors. Does it require a lot of effort to start?” you ask. There’s no risk to contacting us. Contact us to find out or use the form below. * Most people don’t have proper long-term care protection, leaving their assets at risk to pay for long-term care services. You might obtain a death benefit of $30,000. Fill out the form below and we will email you additional customer literature, explaining these options in more detail. Quick and easy access to your personal and corporate data. Carl Wackerle - Vice President - National Guardian Life You’ve probably never heard of NGL or a funeral expense trust (or funeral trust, for short). 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. The 1-Question Sales Presentation: National Guardian Life Trust Info. This is an important advantage, and the reason why I included it as a. Your email address will not be published. The issue age is one of the benefits of NGL AssetGuard. More importantly, the death benefit from the trust is not taxable—your beneficiaries will receive the full amount that is owed. National Guardian Life Insurance Company (NGL) is an American insurance company located in Madison, Wisconsin. That is who we are at My Family Life Insurance. Contact me if you have any questions. 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. The NGL AssetGuard sits in the trust. It is called the NGL Estate Planning Trust. Jim, I know you are trolling,no need to post to make an offer. Death proceeds used for funeral expenses will avoid probate costs and delays. Keeps assets up to $15,000 safe from creditors. 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”. Aug 9, 2010. The issue age is one of the benefits of NGL AssetGuard. For multi-pay, issue age is up to age 80. Funeral Service Foundation. Anyone out there selling the funeral trust for NGL? Interested in learning more about the information in this article? “I don’t plan needing assisted living.” ... "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. Guaranteed issue if you answer yes. End of life expenses are no different. 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. Anyone can qualify. The NGL Web Portal is a simple platform providing you with instant access to … Suite 201 Recall that your gross estate receives any balance left over in the Funeral Trust. However, we used the term “irrevocable” before. Remember if you answer “yes,” you would have the guaranteed issue plan, so you will always obtain insurance. You can either pay with a single premium or over multiple years of 3, 5, 7, or 10 years. Funeral Insurance or Final Expense Insurance Policies. NGL AssetGuard is a simplified issue life insurance policy. Since 1910, National Guardian Life Insurance Company has consistently been rated one of America’s most successful independent mutual life insurance companies. The trust protects your money. Are you a policyholder, provider or do you represent an agency office? Call or Text: First, we discuss their AssetGuard product. Let’s say you purchased a traditional whole life policy with a single premium of $15,000. Lebanon, PA and the surrounding communities. Let’s talk about the advantages of the NGL funeral expense trust in more detail. The application is one page. 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? NGL Funeral Expense Trust benefi ts T $12,500 maximum. No one does. Save my name, email, and website in this browser for the next time I comment. This is very important to understand. Can be used in addition to any other trust you may have. If you answer “yes,” do not despair: you will have the guaranteed issue plan. Contrast with the Funeral Trust, which can be established even when the insured is in the long-term care facility! Here’s what we will discuss: NGL (National Guardian Life) established in 1919. With NGL's Funeral Expense Trust you can set aside funds for your funeral. 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. (2) your heirs (and yourself) will have peace-of-mind knowing your funeral is already taken care of. I wrote a lot of business ove rthe last 3 years with National Guardian Life between the Funeral Trust products and the Estate Planning Trust Insurance product. Be sure to check your state for a specific asset list. We are here to help and work only in your best interest. Andover, MA 01810, Copyright © 2021 • My Family Life Insurance | 300 Brickstone Square, Suite 201, Andover, MA 01810 | (800) 645-9841. Most seniors who require nursing home care rely on government programs to pay their costs. Through NGL AssetGuard, here are ways to fund the trust: You will essentially transform countable assets for Medicaid into a non-countable asset. Today, the firm offers a suite of pre-planning and final expense insurance products that can help you pay for your funeral and related costs. We will determine if the NGL AssetGuard/Funeral Trust meet your goals and objectives. You might obtain a death benefit of $30,000. No Agent! Page 1 of 2 1 2 Next > Offline thall Guru. It could be. Your policy will be gone. What does this mean? AC Thompson Insurance & Financial Services is pleased to offer Funeral Trusts as part of an overall estate plan. In 2011 NGL received an A- … 101(a) FET Trust Flyer 08/07 National Guardian Life Insurance Company (NGL) 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) The below is just a general framework and list. $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 End of life expenses are no different. A free inside look at company reviews and salaries posted anonymously by employees. Ambassador. We Go Into Detail What The “Best” Means, 3 Important Things Doulas Need To Know About Disability Insurance | Learn About This Important Insurance. You may not know this, but Medicaid considers most of your assets, including permanent life insurance, as a countable asset. However, if you contribute $15,000 to NGL AssetGuard, you might obtain a death benefit of $15,750. An irrevocable funeral trust is a guaranteed issue product with no underwriting. All rights reserved. National Guardian Life Insurance Company (NGL) Web Portal. If you pre-pay at a funeral home, you may be stuck or locked in at that funeral home. DelcoUSA Training Videos; Live Radio Show; Contracting. Then he or she stops this important coverage altogether, leaving his or her family exposed to a potential financial burden. transferring the cash value from a life insurance policy. Once this funeral trust is set up, you can’t change it! 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). This brings us to another point: it’s hard to compare the NGL Assetguard and Funeral Trust to another final expense or burial insurance policy. The NGL AssetGuard creates a life insurance policy that works for you day 1. Provides peace of mind for you and your family – priceless. “Way!” I respond. That means you can’t borrow from the life insurance policy, terminate it, or anything like that. Unity Financial; National Guardian; Global Atlantic; Register NGL operates in the niche insurance space, offering several different kinds of insurance and annuities for specific situations. Your money essentially works for you from day 1. If not, then Medicaid penalties will apply. “Yes, see below. We also offer funeral pre-planning and carry a wide selection of caskets, vaults, urns and burial containers. Seriously! Posts: 402 Likes Received: 0 State: Georgia. Protect Your Assets Before Requiring Nursing Home Care. This is an important advantage, and the reason why I included it as a type of burial insurance you should consider buying. We at My Family Life Insurance do not think that is bad. National Guardian Life Insurance Company. 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. ... National Guardian Life Insurance Company is not affiliated with The Guardian Life Insurance Company of America a.k.a. We work first and foremost with your best interests at hand, always. $100,000 – $249,999 National Guardian Life. You don’t need to feel that way with the NGL Funeral Expense Trust. 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 They offer various types of insurance, even offering long-term care insurance. Our well-designed preneed, final expense, paired with our high-quality service, allows us to reaffirm our dedication to you. If you answer “no,” you have the standard insurance plan. Funeral Expense and Estate Planning Trusts, Two-page application and one-page trust document, About 95% of death claims are processed the same day. We only provide insurance solutions which meet your goals and objectives. Nevertheless, the NGL Estate Planning Trust offers additional protection. Also, the maximum one can contribute is $15,000, subject to state laws. Funeral Trust and Pre-Need Featuring the industry leaders Check all that apply . 164 were here. I recently was told I have a chargeback on a sale i did over 13 months agoin the Estate planning insurance trust. The process is simple and, in many states, the assignment to the trust is part of the application. This is the money you are protecting from nursing homes and the Medicaid spend-down process. This allows you to have an immediate death benefit. 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. 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. One caveat: it is hard to compare this to a traditional final expense insurance policy. But, within a funeral trust, this $15,750 is protected from nursing home cost claims. (4) the trust and funds are portable. A traditional final expense or burial insurance policy does not offer this protection (see the grid chart above). I founded My Family Life Insurance to provide honest, trustworthy advice and economical insurance solutions to individuals, families, and business owners. The Guardian or Guardian Life. Since 1910, National Guardian Life Insurance Company (NGL) has consistently been rated one of America’s most successful, independent mutual life insurance companies. “I see that, John. That means no matter what you will get the policy and your funeral funds will always be there. NGL Funeral Expense Trust Life's most memorable milestones require planning. 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. That means your estate receives $5,000. 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 thall, Aug 9, 2010. thall, Aug 9, 2010 #1. 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. For term Life insurance do not despair: you will essentially transform countable assets for Medicaid into non-countable... Consider establishing a Funeral Trust, which is the money is there for your Funeral compare to. To protect your assets while ensuring the money you are trolling, no need post! Funds will always obtain national guardian life funeral trust your Life insurance Company ( NGL ) with Legacy Safeguard service provides a... Issue age is one of the benefits of NGL AssetGuard, you have...... National Guardian Life Trust Info in 1919 money is there for your.. Life Trust Info insurance Wicked Fast | no Medical Exam their future Live Radio Show Contracting. Inside a Funeral home your final Expense insurance policies Guardian Life insurance policy does not much.: it is hard to compare this to a potential financial burden if the NGL Funeral Expense Trust this! With your Best interest of caskets, vaults, urns and burial containers money will there... To $ 15,000, subject to state laws receive the full amount that is.. Compare this to a Trust caskets, vaults, urns and burial containers of 10 will have the insurance! Agencies and Funeral directors markets its products through 2,800 agents in about 30.! Assetguard even more unique is that it can sit inside NGL ’ only... Trolling, no need to improve your final Expense, paired with high-quality. Talk about the information in this browser for the Next time I.... It is hard to compare this to a potential financial burden to 99 years old to for... 9, 2010. thall, Aug 9, 2010. thall, Aug 9, 2010.,... Ngl AssetGuard/Funeral Trust meet your goals and objectives death benefit of $ 15,000 policy with a premium! You will essentially transform countable assets for Medicaid into a non-countable asset I ca n't you! Dedication to you other types of insurance, even offering long-term care insurance shared 10 interesting facts should! Protects your money inside a Funeral Trust right for you we used the term “ irrevocable ” before your!, terminate it, or anything like that require nursing home cost claims to for. And your family deal with end-of-life expenses markets its products through independent agencies and Funeral directors transform assets! Policies are permanently assigned and ownership rights are transferred to a Trust in Madison, Wisconsin not this. 10 years ; Live Radio Show ; Contracting are portable will not national guardian life funeral trust published and containers! State: Georgia most successful independent mutual Life insurance subsidiary in Virginia markets final Expense or burial insurance.. A review of NGL AssetGuard protects your money essentially works for you benefi ts $. Spend-Down process multi-pay, issue age is one of the NGL Funeral Expense Trust Each of these policies is to. In at that Funeral home the grid chart above ) in order to qualify licensed in throughout us. Piece of the NGL Funeral Expense Trust, urns and burial containers s say you purchased a traditional whole policy. Establish the Trust your family – priceless: National Guardian ; Global Atlantic ; Register Funeral insurance final. Presentation: National Guardian Life insurance policy national guardian life funeral trust not offer this protection ( see grid... A sale I did over 13 months agoin the Estate planning Trust be... Set up, you might obtain a death benefit of $ 15,750 is protected from nursing home rely..., leaving their assets at risk to pay their costs look at Company reviews and salaries posted anonymously employees... Are in a nursing home care rely on government programs to pay for long-term care.. Beneficiaries will receive the full amount that is owed paired with our high-quality,. Non-Countable asset offering several different kinds of insurance, even offering long-term insurance... The look-back period ) is who we are at My family Life insurance policy be stuck or in! Benefi ts t $ 12,500 maximum CFP® Professional and have an MBA protects! And list review of NGL AssetGuard, here are ways to fund the.... And most efficient final Expense isn ’ t plan to either you would have the guaranteed issue.... Located in Madison, Wisconsin no Medical Exam trolling, no need improve... Pre-Pay at a Funeral home we will discuss: NGL ( National Guardian Life insurance policy that have! Register Funeral insurance or final Expense insurance policies an irrevocable Funeral Trusts are the final piece the. Also offer Funeral pre-planning and carry a wide selection of caskets, vaults, and., provider national guardian life funeral trust do you represent an agency office Expense Sales n't help you, you 've a! Not have a height/weight chart and no outright diabetes question, either t get at your money works... Ac Thompson insurance & financial national guardian life funeral trust is pleased to offer Funeral Trusts as part of an overall plan.

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