Are your funds protected? Final Expense Planning.

Slides:



Advertisements
Similar presentations
Learn how a reverse mortgage can help increase your retirement income and give you a better quality of life. Presented By: Your Name Your Company Name.
Advertisements

Objective Interpret the nature, theory, and different types of insurance LIFE INSURANCE.
Special Needs Trusts Special Needs Trusts The Arc of Northern Virginia.
Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Premium Financing Leveraging Assets.
Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN The Irrevocable Life Insurance Trust:
PREPLANNING AND PREFUNDING A FUNERAL Presented by Edward D. Jamie, Jr. Funeral Chapel Northern Blvd. (Suite 23) Bayside, New York (718)
M8573 (2-15) © 2015 Forethought For agent use only. Not for use with the general public. M8573 (2-15) © 2015 Forethought For agent use only. Not for use.
THE FAMILY ESTATE PLANNING TRUST A TRUST DESIGNED TO SAFEGUARD ASSETS FROM A NURSING HOME. Even if I enter a nursing home someday, I want to be able to.
Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Leaving a legacy while retaining some.
DO THE MATH ON WHAT COMMISSIONS CAN BE ! Week 1 – You write (2) Funeral each Client age – 64 20,000 x 16%= $3,200 Client age – 64 20,000.
Protecting your estate Welcome!. Resistance to estate planning little personal benefit difficulty acknowledging mortality fail to recognize magnitude.
Reward & Retain with Simplicity Direct Gifts Using Life Insurance ©2014 Voya Services Company. All rights reserved. CN An Efficient Way To.
LBL7166 Allstate Insurance Company 1 Financial Focus Estate Planning for Uncertain Times Not FDIC, NCUA/NCUSIF insured * Not a deposit *
Is Single Premium Life Right For You? Availability may vary by state. Forms #3UBJ05 & 3EBJ05. Products issued by and all policy benefits are the responsibility.
Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Protecting Your Family’s Inheritance.
Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Creating an inheritance with tax-efficient.
1 Section 79 Plans with SecurePlus Advantage 79 TAX-ADVANTAGED LIFE INSURANCE FOR BUSINESS OWNERS AND EMPLOYEES TC42529(0808) This information is not intended.
A Comprehensive Protection Plan Protect Your Family | Protect Your Money M8620 (2-15) © 2015 Forethought.
Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN Building family wealth while retaining.
Webinar - May 4 th, AM- Central Standard Time From the National Sales Office We will be starting the Webinar in a few minutes.
The ABCs of Advance Funeral Planning.
A Special Webinar on the ESTATE TRUST You’ll Learn How to Help your clients protect money from the Medicaid Spend- down by planning now with you. This.
Reverse Mortgages.  Welcome  Introductions  Facility information Welcome.
THE HOME OF THE PROFESSIONAL ADVISER Relevant Life Plans – Put Life Cover On Expenses Legal & General.
©2014 Voya Services Company. All rights reserved. CN Reward & retain key executives Split Dollar Loans.
We are a national alliance of agents working together to provide mortgage, final expense and retirement protection to our clients.
1Version 4.0 © National Agents Alliance. Any duplication or alteration of this presentation without written consent of National Agents Alliance is strictly.
Are your funds protected? Final Expense Planning.
Irrevocable Funeral Trusts Peace of Mind for You & Your Loved Ones.
WELCOME Funeral Trust Presentation SUBJECT: Asset Protection Planning.
Life Insurance Strategies For Individuals with Special Needs Beneficiaries.
Application Guide NGL AssetGuard
1 How to Market the Estate Planning Trust M8573 (2-15) © 2015 Forethought.
LIVING LEGACY ® III Introducing S HENANDOAH L IFE I NSURANCE C OMPANY Presentation Form #5409A – 3/07 Universal Life Insurance Policy Form L /06.
For producer or registered representatives use only. Not for use with clients. funding life insurance with RMDs... really Frank Hennessey, ChFC, LUTCF.
Version 4.0 © National Agents Alliance. Any duplication or alteration of this presentation without written consent of National Agents Alliance is strictly.
Whole Life Insurance with Guaranteed Death Benefit ® Presentation Form # /06 ( Product Form # L /05 & L /05*) * State suffixes to.
Put your home to work for you CRISSY Reverse Mortgage Specialist NMLS# C. FL S. FL
RENUKA MEHRA LECTURER IN B.B.A. GCCBA-42.  LIFE INSURANCE  Purchase policy ; insurance company promises to pay a lump sum at  the time of the policy.
VUL Basics For Anna Li’s Baseshop training only. What Is VUL Variable Universal Life --After 1984: section 7702 of DEFRA defines "life insurance" and.
Copyright July 2010 U.I.S. Inc., d/b/a FuneralTrusts.com A Presentation Brought to you by: Lorraine M. Sanborn – Sanborn Financial Group The Estate Planning.
RETIREMENT INVESTMENTS INSURANCE Private Loans: Building Family Wealth While Retaining Some Control SMART TOOLS FOR CREATING FINANCIAL BLUEPRINTS.
One policy, many purposes
Mutual of Omaha Insurance Company United of Omaha Life Insurance Company Transferring the Family [Business] [Presenter Name] Insurance products and services.
© National Agents Alliance. Any duplication or alteration of this presentation without written consent of National Agents Alliance is strictly prohibited.
FINAL EXPENSE AND FINAL WISHES PLANNING Agent Name License #
Desjardins Insurance refers to Desjardins Financial Security Life Assurance Company. I'm single! What reason would I have to own Life Insurance?
©2015 Voya Services Company. All rights reserved. CN For agent use only. Not for public distribution. Do not put content on the brand signature.
1 Final Expense In-Home Presentation FINAL EXPENSE SPECIALIST FINAL EXPENSE SPECIALIST YOUR NAME HERE YOUR NAME HERE.
©2014 Burnett Agency LLC- Proprietary and Confidential Final Expense Planning Made Easy Protecting Your Family and Your Legacy C.O.R.E. Program Description.
FEP-07 UAI We’ve been in the insurance industry since Policyholders can count on our strength and stability. A+ (Superior) rating for.
Desjardins Insurance refers to Desjardins Financial Security Life Assurance Company. Business Continuation Planning.
HOW ABLE ACCOUNTS FIT INTO YOUR ESTATE PLANNING Barry Jamieson, Associate Planner, CMP Financial Planning May, 2016.
PRINCIPAL IRA LEGACY PLAN 1 Principal Financial Group® PRINCIPAL IRA LEGACY PLAN ℠ LEVERAGING NON-ESSENTIAL ASSETS INTO A GREATER LEGACY.
The A,B C’s and 1, 2, 3’s of SNT’s (Special Needs Trusts) Travis Finchum Special Needs Lawyers, P.A. SpecialNeedsLawyers.com.
Tips For Planning Your Estate. Everyone Has An Estate If you have something of value that you’d want to pass on to someone in the event of your death,
Phoenix FamilyShield Annuity SM A Single Premium Immediate Annuity designed for Medicaid planning For Producer training purposes only. Not for use with.
Bridge Your Assets So your legacy lives on Form 8142(50)-0413
Basic Knowledge Of A Will
FINAL EXPENSE AND FINAL WISHES
Providing Peace of Mind…
The Boulevard Professional Center 1600 W. Eau Gallie Blvd. Suite 201-0
Senior American Services, Inc.
Final Expense Peace of Mind.
Senior Retirement Services
Our company is hiring, do you know anyone that could help us out?
Presentation transcript:

Are your funds protected? Final Expense Planning

Consider This... Most significant events in our lives require planning; you rarely just let them happen.

Someone will need to determine services and pay the bill. The question is who and when: - The deceased prior to death? - The survivors afterward? As a consumer, you have two choices: - Plan and pay for the funeral (Preneed) OR - Pay for the anticipated expenses (Final Expense) Funeral and Final Expenses Aren’t any Different...

How Much Does a Funeral Cost? *According to the National Funeral Directors' Association 2009 study (These numbers do not include cemetery, monument/marker costs or miscellaneous charges, such as for flowers or obituaries. ***Cemetery costs vary by location and can range anywhere from $500 - $20,000 or more. Source: Cost of an Average Funeral/eHow.com/ Professional Services$1,817 Embalming/ Cosmetology $628 Memorial Service $670 Transfer of Remains to Funeral Home $250 Hearse $275 Service Van $125 Use of facilities/Staff $450 Cemetery Charges$2,000** Casket (Metal)$2,295 Vault$1,195 Total $9,500 Today’s funeral costs more than you might think. Research shows the average adult funeral to be $9,500* If something happened to you yesterday, how would your funeral be paid for?

1. Life Insurance: These are funds intended to be left to your family and may not be immediately available. 2. Personal Savings: These are funds for day-to-day living. In the event of a lengthy illness, they may have eroded significantly. 3. Credit card or loan: This approach leaves heirs in debt. 4. Family and friends: Borrowing from family and friends can be embarrassing as well as a financial strain to repay. Fortunately, there’s a better option... In the past, there have been four common ways to pay for a funeral:

NGL Estate Planning Trust A designated, prefunded plan that combines the financial stability of insurance with the security of a trust. Designed to pay funeral expenses first, with any excess paid to named beneficiary(ies).

So How Does this All Fit Together? NGL AssetGuard and the Estate Planning Trust Blends the financial protection of life insurance with the advantages of an irrevocable funeral trust. Allows you to plan ahead by permanently setting aside the funds your family will need for your final expenses. Using a trust may help prevent these funds from being counted as excess monies during Medicaid consideration after five years.

NGL Estate Planning Trust Protection from creditors Benefits are income tax-free Funds available immediately* Trust is FREE Everyone qualifies for trust assignment Death proceeds used for funeral expenses avoid probate costs and delays Funds totally portable *Upon submission of all required claim documentation. NGL Insurance Policy + NGL Irrevocable Trust = An Unbeatable Team NGL Insurance Policy + NGL Irrevocable Trust = An Unbeatable Team

How a Funeral Trust Works Some states may vary on Medicaid Rules and eligibility is not guaranteed; please consult an Elder Law Attorney in your state for assistance.

Fund Protection Estate Planning Trust Creditors Nursing Homes Probate Medicaid* - After 5 years *Some states may vary on Medicaid Rules and eligibility is not guaranteed; please consult an Elder Law Attorney in your state for assistance.

How the Trust Compares NGL’s Estate Planning TrustAnnuity Savings AccountCD Money Market Mutual Funds Proceeds avoid probate costs Yes Depends Federal Income Tax-free death benefits YesNo Free of market riskYesDependsYes No Principal guaranteed Yes No Defined growth rateYesDependsNoYesNo Funds protected from creditors YesNo No**No Excluded asset in order to qualify for Medicaid & SSI Yes*No No**No * Some states may vary on Medicaid rules and eligibility is not guaranteed; please consult an elder law attorney in your state for assistance. ** Unless put into trust for funeral expenses.

Why NGL? 100+ Years of Financial Stability Over $3.3 Billion in Current Assets A- (Excellent) Rating from A.M. Best National Guardian Life Insurance Company Madison, WI Financials current as of 12/31/14 Ratings current as of 05/30/14

Get Started 3.Next Steps (OPTIONAL): –Basic: Complete a brief Planning Guide, provided compliments of NGL. Store this with your important documents. –Advanced: Meet with a local funeral home of your choice to discuss service options and personal preferences. Lump sum transfer from savings, CDs or Money Market accounts* Transfer funds from a pre-existing life insurance account* (1035 Exchange) Add to the fund in installments over a period of one year 1.Work with your licensed NGL Agent. 2. Establish your Trust-protected Final Expense Insurance Policy easily by: * Suitability rules apply.

You’ll rest assured knowing that: –Final Expense funds are set aside and protected –Costs won’t be passed on to family members –Any remaining funds will be paid to a named beneficiary(s) Trust is free: –NO fees –NO other professionals involved Funds totally portable (use any FH provider) Policies grow at a set % every year All backed by 100 year-old, A- (excellent) rated mutual insurance company with over $3.3B in Assets Why Consider this Product? Financials current as of 12/31/14 Ratings current as of 05/30/14

Insurance coverage provided by National Guardian Life Insurance Company. National Guardian Life Insurance Company is not affiliated with the Guardian Life Insurance Company of America, a/k/a The Guardian or Guardian Life. EPTCON-BSP 02/15 Final Expenses aren’t a question of “if”, but “when”. Do this today. You’ll be glad you did.

Thank you for coming. For more information, please contact: Final Expense Professional Insert Name Contact Information Here