Customer Testimonials
Final Expense Planning
Final Expense Insurance is one of the greatest gifts you can provide for your loved ones. Providing your family with the money needed to cover your final expenses is something that simply makes sense.
Too many Americans find themselves without adequate financial resources. Sadly, most of them aren't even aware that a life insurance policy can cover these expense obligations.
Final Expense Insurance provides immediate cash benefits paid directly to your beneficiary and are easy to implement. There are no medical exams and the plans guarantee the death benefit and are guaranteed renewable (can't be cancelled by the insurer). The plans are normally paid up insurance that take the burden of paying for your funeral and burial services from your loved ones.
In a Funeral Expense Trust, you may receive the following benefits:
Too many Americans find themselves without adequate financial resources. Sadly, most of them aren't even aware that a life insurance policy can cover these expense obligations.
Final Expense Insurance provides immediate cash benefits paid directly to your beneficiary and are easy to implement. There are no medical exams and the plans guarantee the death benefit and are guaranteed renewable (can't be cancelled by the insurer). The plans are normally paid up insurance that take the burden of paying for your funeral and burial services from your loved ones.
Funeral Trusts
Protecting your assets at any age is important, but never more than when you are confined to a nursing home or need to apply for Medical Assistance (Medicaid). By transferring ownership of your policy to a Funeral Expense Trust, as of the effective date of transfer, you will be able to exclude your policy as an asset for Medicaid eligibility purposes. In addition, you can be assured that the funds in the policy will be used to first pay your funeral expenses, with any excess returned to your estate.
In a Funeral Expense Trust, you may receive the following benefits:
- The ability to exclude your policy as an asset in order to qualify for Medicaid and Supplemental Security Income (SSI)
- Policy proceeds are paid to the Trust, which then pays funeral costs. Any excess will be returned to your estate.
- Funds used for funeral expenses are protected from creditors, such as nursing homes, hospitals, lawyers, etc.
- Death proceeds used for funeral expenses will avoid probate costs and delays.
- Income tax-free death benefits
- Individual state regulations may vary. We recommend that you consult a Legal Advisor for complete details on irrevocable assignments, Medicaid eligibility and on using a trust to protect your assets, including a life insurance policy.