Seating is Limited - Call 800-956-6373 for reservations. Seating is limited to the first 75 that register.
Learn how to make an extra 7k per month with our marketing program. The Funeral Trust is a simple sale that every senior needs to consider. Protecting Assets for Funeral Planning is important according to Elder Law Attorney Karl Dovnik, Jr.
This Type of planning should be done in advance. the Irrevocable Funeral Trust is Medicaid exempt in most states and should be considered in every Senior Citizen Estate Planning.
Since most seniors don't have long term care insurance, this type of planning allows them to put money aside and shelter it from a nursing home as a "countable" asset.
Medicaid in most states can't count funds in a funeral trust as countable assets.
The Funeral Trust is an exempt asset and is a way for seniors to shelter dollars for their funeral expenses. Medicaid eligibility rules do vary from state to state, so you should check eligibility rules in your state on the Funeral Trust.
The funeral trust is funded by a single premium life insurance policy where the ownership of this policy is assigned to the Irrevocable Funeral Trust provided by the insurance company.
In most states, any policy with more than $1500 is a countable asset. Therefore, a 1035 exchange is a great alternative with traditional paid up policies that a senior might own.
By doing a 1035 exchange, the cash values are transferred to the insurance company offering the new single premium policy that the ownership becomes assigned to the funeral trust. A simple sale that will make sense to your clients. The cash value should at least be equal to 75% or more of the death benefit for this to make sense.
Most old life insurance policies are where the death benefit and cash values are close in value and the typical 1035 exchange is from smaller policies with death benefits ranging from $10,000 or less. This is a typical 1035 sale.
Information about the single premium policy with the funeral trust....
ISSUE AGES 0-99
FUNERAL TRUST ASSIGNMENT DOCUMENT PROVIDED BY INS. COMPANY
MEDICAID EXEMPT IN MOST STATES
FUNERAL TRUST FUNDS SHELTERED FROM NURSING HOMES.
NO FIVE YEAR LOOK BACK
GREAT PRODUCT FOR PRE-PLANNING AND CRISIS PLANNING
POWER OF ATTORNEY CAN SIGN FORMS IF INSURED IS UNABLE
Come to our Agent Training meeting on April 10th, 2008
THE FASTEST GROWING FINANCIAL PRODUCT IN AMERICA!
EASY TO SELL....GREAT MARKETING PROGRAM
Call 800-956-6373 for seating reservations in Charlotte, N.C. on April 10th