Premier Planning has partnered with National Guardian Life Insurance Company (NGL) to offer the NGL Irrevocable Funeral Trust as an important piece of the final expense planning puzzle.

Since 1910, National Guardian Life Insurance Company has consistently been rated one of America’s most successful independent mutual life insurance companies. While adhering to the highest standards of quality and integrity, they continually demonstrate a commitment to policy owners, their families and the communities in which they work and live. NGL’s well-designed products paired with their high quality service and dedication allow NGL to reaffirm to their mission of providing financial peace of mind along with trust, value, and convenience.

Product Overview

Comprehensive planning includes preparing for the inevitable. According to AARP’s (American Association of Retired Persons) website, funeral and burial expenses can easily exceed $10,000. So, when the inevitable day comes, how will your family pay for your funeral?

The NGL Funeral Expense Trust is a unique strategy that allows you to set aside money that can be used to pay final expenses and pass money to your heirs tax free, as well as, help provide some additional income in a time of need.

There are so many decisions that need a family’s attention at death. With the NGL Funeral Expense Trust, you have the peace of mind that comes with knowing your final arrangements are taken care of while lessening the burden of your family.

Two Distinct Trusts

The NGL Trusts are offered at no cost to your clients, with no trust fees, and can be used in addition to any other Trust they may already have. The process is simple and the assignment to the trust is part of the application in many states.

  • NGL Funeral Expense Trust benefits
    - $12,500 maximum
    - Protects funds from Medicaid spend-down upon effective date of transfer
    - Policy beneficiary is the Trust.
    - The Trust will pay funeral costs with any excess funds going to the estate.
  • NGL Estate Planning Trust benefits
    -  $50,000 maximum
    - Funds excluded from Medicaid spend-down after 5 years
    - Allows you to name a secondary beneficiary
    The Trust will pay funeral costs with any excess funds going to the named beneficiary or estate of the insured
    Note: Individual state regulations may vary. We recommend your client contact a Legal Advisor for complete details on irrevocable assignments, Medicaid eligibility and on using a Trust to protect their assets, including a life insurance policy.

State Availability

Approved

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii

Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maryland
Massachusetts
Michigan
Minnesota
Mississippi

Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
North Carolina
North Dakota
Ohio
Oklahoma
Oregon

Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Virginia
Washington
West Virginia
Wisconsin
Wyoming

Not Approved

Maine
New York
Vermont