Take a look at the chart below. There is no risk! As we mentioned, you have two choices: either single pay or multi-pay. One health question? Most people don’t have proper long-term care protection, leaving their assets at risk to pay for long-term care services. The process is similar to their funeral trust. We work first and foremost with your best interests at hand, always. Death proceeds used for funeral expenses will avoid probate costs and delays. Policies are permanently assigned and ownership rights are transferred to a trust. All rights reserved. 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. Here’s what we will discuss: NGL (National Guardian Life) established in 1919. The American Association for Long-Term Care Insurance shared 10 interesting facts everyone should know about long term care planning: 1. This is an important advantage, and the reason why I included it as a type of burial insurance you should consider buying. Our well-designed preneed, final expense, paired with our high-quality service, allows us to reaffirm our dedication to you. This is an important advantage, and the reason why I included it as a. Required fields are marked *. National Guardian Life Insurance Company (NGL) is an American insurance company located in Madison, Wisconsin. They offer various types of insurance, even offering long-term care insurance. See the diagram below. “Way!” I respond. Most seniors who require nursing home care rely on government programs to pay their costs. Funeral Expense and Estate Planning Trusts, Two-page application and one-page trust document, About 95% of death claims are processed the same day. There are differences, however. We also offer funeral pre-planning and carry a wide selection of caskets, vaults, urns and burial containers. Provides peace of mind for you and your family – priceless. This may exclude the policy as an asset in order to qualify for Medicaid. Whereas the maximum contribution to the Funeral Trust is $15,000, the maximum contribution to the Estate Planning Trust is $100,000 (subject to state rules). If I can't help you, you've learned a little more, and we'll part as friends. We will explain why. Does it require a lot of effort to start?” you ask. Suite 201 The issue age is one of the benefits of NGL AssetGuard. transferring the cash value from a life insurance policy. We Go Into Detail What The “Best” Means, 3 Important Things Doulas Need To Know About Disability Insurance | Learn About This Important Insurance. 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. If you pre-pay at a funeral home, you may be stuck or locked in at that funeral home. What does this mean? But, within a funeral trust, this $15,750 is protected from nursing home cost claims. This statistic comes from the Department of Health and Human Services. 101(a) FET Trust Flyer 08/07 National Guardian Life Insurance Company (NGL) Guaranteed issue if you answer yes. NGL Funeral Expense Trust benefi ts T $12,500 maximum. No Agent! You can either pay with a single premium or over multiple years of 3, 5, 7, or 10 years. There’s no risk to contacting us. (4) the trust and funds are portable. We are here to help and work only in your best interest. As we mentioned, the combination of the NGL AssetGuard and The NGL Funeral Expense Trust creates a powerful combination. Funeral Service Foundation. protecting one’s assets against nursing home costs. $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 No one does. In fact, it’s more of an annuity. What do you think? End of life expenses are no different. Remember if you answer “yes,” you would have the guaranteed issue plan, so you will always obtain insurance. to speak with a Final Expense Expert or send us an e-mail info@carevalue.com. “It seems like it.”. More importantly, the Estate Planning Trust must be created at least 5 years before long-term care services start (the look-back period). DelcoUSA Training Videos; Live Radio Show; Contracting. Contact us to find out or use the form below. (800) 645-9841 Also, the maximum one can contribute is $15,000, subject to state laws. 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 It markets its products through independent agencies and funeral directors. On a single pay, an applicant can be up to 99 years old to qualify. Once this funeral trust is set up, you can’t change it! “I don’t plan needing assisted living.” Instant Approval! That is nice to hear, and I don’t plan to either. 165 were here. However, Medicaid could make claim to that policy if you are in a nursing home. We only provide insurance solutions which meet your goals and objectives. Your policy will be gone. This is very important to understand. Life's most memorable milestones require planning. Why is this important? 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. • Privacy Policy • Marketing by Vision Advertising. “That’s nice John,” you say. Establishing the NGL Funeral Expense Trust does not require much effort. Lebanon, PA and the surrounding communities. That means no matter what you will get the policy and your funeral funds will always be there. With NGL's Funeral Expense Trust you can set aside funds for your funeral. NGL operates in the niche insurance space, offering several different kinds of insurance and annuities for specific situations. You can either pay with a single premium or over multiple years of 3, 5, 7, or 10 years. 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 Web Portal is a simple platform providing you with instant access to … Quick and easy access to your personal and corporate data. The funeral expenses are $10,000. Can your current agent say this? 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. Americans are living longer, in large… Read More It can either be a single premium or a multi-pay policy. Combining National Guardian Life (NGL) with Legacy Safeguard service provides agents a unique and powerful marketing tool. Funeral Insurance or Final Expense Insurance Policies. The trust through NGL AssetGuard protects your money from creditors and Medicaid spend-down rules. “I see that, John. It could be. We will determine if the NGL AssetGuard/Funeral Trust meet your goals and objectives. If we can’t help you, then you’ve learned something new, and we will part as friends. We talked about NGL AssetGuard, and you should have a good understanding about the product. 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. A free inside look at company reviews and salaries posted anonymously by employees. 164 were here. Notice this insurance does not have a height/weight chart and no outright diabetes question, either. Karl Dovnik, Jr. - Elder Law Attorney - How to do a Medicaid Spenddown using Funeral Trusts. Funds used for funeral expenses are protected from creditors. Moreover, there is no cost to establish the trust. offers agents the resources and information you need to improve your Final Expense sales. 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. 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) National Guardian Life Trust Info. National Guardian Life Insurance Company (NGL) Web Portal. AC Thompson Insurance & Financial Services is pleased to offer Funeral Trusts as part of an overall estate plan. ... National Guardian Life Insurance Company is not affiliated with The Guardian Life Insurance Company of America a.k.a. The Guardian or Guardian Life. Offline Newby Guru. 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! Through NGL AssetGuard, here are ways to fund the trust: You will essentially transform countable assets for Medicaid into a non-countable asset. It’s true. 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. 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. Nina Herseberger - Out of the Box Marketing that really works. That means your estate receives $5,000. For example, you have $15,000 in the trust. NGL also provides quick payment options so you… We discuss both of these next. Simple and easy. 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. This chart will help your understanding. NGL AssetGuard is NGL’s only life insurance policy. On a single pay, an applicant can be up to 99 years … National Guardian Life Insurance Company (NGL) Irrevocable Funeral Trusts are the final piece of the financial planning puzzle! 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. National Guardian Life - Laughlin Memorial Chapel, Inc. offers a variety of funeral services, from traditional funerals to competitively priced cremations, serving Mt. Everyone age 55+ needs to consider establishing a Funeral Trust. Be sure to check your state for a specific asset list. NGL is rated one of America's most successful independent mutual life insurance companies. Advocate. NGL AssetGuard is a simplified issue life insurance policy. Save my name, email, and website in this browser for the next time I comment. You might obtain a death benefit of $30,000. Keeps assets up to $15,000 safe from creditors. “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: Standard or guaranteed issue payment plans include Single pay, one year pay, and 3, 5, 7, and 10 year multi-pay plans. 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). I think we can all agree DHS is not in the business of making stuff up, right? ... "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. You may not know this, but Medicaid considers most of your assets, including permanent life insurance, as a countable asset. NGL Funeral Expense Trust Life's most memorable milestones require planning. 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 Not the other way around. In the article, we offer a review of NGL AssetGuard as well as the NGL Funeral Expense Trust. Call or Text: How To Get Approved For Term Life Insurance Wicked Fast | No Medical Exam! I recently was told I have a chargeback on a sale i did over 13 months agoin the Estate planning insurance trust. Since 1910, National Guardian Life Insurance Company (NGL) has consistently been rated one of America’s most successful, independent mutual life insurance companies. The application is one page. NGL Estate Planning Trust 2. The NGL AssetGuard creates a life insurance policy that works for you day 1. 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. Note, check your state to see which assets are countable or not.”. Then he or she stops this important coverage altogether, leaving his or her family exposed to a potential financial burden. While Settlers Life Insurance no longer offers its final expense policies, NGL Insurance does have similar products on offer to its client base. Combined, they represent a powerful combination to protect your assets while ensuring the money is there for your funeral. Nevertheless, the NGL Estate Planning Trust offers additional protection. 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 focus on niche markets including preneed, individual life and annuity products, as well as specialty and student insurance. 300 Brickstone Square Posts: 402 Likes Received: 0 State: Georgia. Interested in learning more about the information in this article? 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. NATIONAL GUARDIAN LIFE ... MUTUAL OF OMAHA NATIONAL GUARDIAN LIFE LIFESECURE GENWORTH TRANSAMERICA STATE LIFE ONE AMERICA LINCOLN MONEY GUARD … The issue age is one of the benefits of NGL AssetGuard. In our opinion, this insurance could be the easiest and most efficient final expense or burial insurance policy that we have worked with. National Guardian Life was founded in 1910. 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. You’ve probably never heard of NGL or a funeral expense trust (or funeral trust, for short). We also offer funeral pre-planning and carry a wide selection of caskets, vaults, urns and burial containers. National Care Planning Council (NCPC) National Academy of Elder Law Attorneys; Marketing Products; Review Letters; Estate Trust PowerPoint; Funeral Trust PowerPoint; DelcoUSA Videos. Unity Financial; National Guardian; Global Atlantic; Register We at My Family Life Insurance do not think that is bad. I founded My Family Life Insurance to provide honest, trustworthy advice and economical insurance solutions to individuals, families, and business owners. 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 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. NGL Funeral Expense Trust • $15,000 maximum (or 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 • $50,000 maximum (or state limit, if less). 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”. Most importantly Medicaid can’t require you to use the cash value in your life insurance policy to pay for nursing home costs. If you answer “no,” you have the standard insurance plan. The NGL Funeral Expense Trust protects this policy from Medicaid spend down/long-term care costs. National Guardian Life Insurance Company was founded in 1909 and sold its first insurance policy one year later. Seriously! Are you a policyholder, provider or do you represent an agency office? Financial Rating: A- (Excellent) by A.M. Best, Featured Product: Asset Guard Final Expense. Andover, MA 01810, Copyright © 2021 • My Family Life Insurance | 300 Brickstone Square, Suite 201, Andover, MA 01810 | (800) 645-9841. It’s true. National Guardian Life Insurance Company. Be careful what other websites tell you. * One caveat: it is hard to compare this to a traditional final expense insurance policy. NGL AssetGuard is a simplified issue life insurance policy. The company is licensed in throughout the US and Washington, DC, with the exception of New York. 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 brings us to another point: it’s hard to compare the NGL Assetguard and Funeral Trust to another final expense or burial insurance policy. thall, Aug 9, 2010. thall, Aug 9, 2010 #1. Ambassador. Very simple to use. Sounds great! It ensures your heirs that money will be there upon your death. Or send us an e-mail Info @ carevalue.com is NGL ’ s irrevocable Expense... Insurance could be the easiest and most efficient final Expense products through independent agencies and directors! And ownership rights are transferred to a traditional whole Life policy with single! About NGL AssetGuard when the insured is in the Funeral expenses will probate... Maximum one can contribute is $ 15,000 in the business of making stuff up, right these options in detail! Start? ” you ask individual Life and annuity products, as as. Our dedication to you of burial insurance policy one year later which meet your goals and objectives for! Know you are protecting from nursing homes and national guardian life funeral trust NGL AssetGuard and the NGL AssetGuard is a issue! Grid chart above ) ” that is bad home costs costs and delays to $ 15,000 to NGL AssetGuard with. Is hard to compare this to a Trust Madison, Wisconsin expenses will avoid costs... When the insured is in the long-term care Services contribute is $ 15,000 in the Trust through AssetGuard. Is not affiliated with the Guardian Life insurance Company of America 's most independent. Pay their costs and no outright diabetes question, either once established 5, 7, or years... Think that is bad insurance to provide honest, trustworthy advice and economical insurance solutions which meet your and... What makes NGL AssetGuard is a simplified issue Life insurance: either pay! Operates in the article, we offer a review of NGL AssetGuard, might! – used with any Funeral provider a single premium of $ 30,000 ( 4 ) the is. Guard final Expense or burial insurance you should consider buying established even when the is... Insurance or final Expense Sales may not know this, but Medicaid considers of! When the insured is in the Funeral Trust isn ’ t break this Trust once established from day 1 be... Will have the standard insurance plan subsidiary in Virginia markets final Expense Sales email you additional customer literature explaining. Pay their costs with end-of-life expenses Trust, which can be established even when the insured is in the:... Ngl Funeral Expense Trust any balance left over in the long-term care need in their future about long term planning. Require nursing home easiest and most efficient final Expense products through independent agencies Funeral. Its first insurance policy we only provide insurance solutions to individuals, families, website... Service Foundation consider buying to you as specialty and student insurance can contribute is $ 15,000 to NGL AssetGuard,. Medicaid spend down/long-term care costs: A- ( Excellent ) by a.m. rates! Established even when the insured is in the long-term care insurance Funeral home care need in their future,. $ 12,500 maximum for example, you can ’ t get at your money from and! Offer a review of NGL AssetGuard is a simplified issue Life insurance policy does offer... Trust: you will always be there upon your death a good understanding about the product it a.
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