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National Guardian Life - Burial Trust  (NGL AssetGuard LG)

 

Download the NGL Contract and get appointed through the Insurance Sales Network of America

  • Download the Contract

  • If you have questions about the contract or the following product information, please contact us by Email or by phone at:  727-797-0487

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.

  Single Pay Multi Pay
Payment Periods Single Payment

 1, 3, 5, 7 and 10 Years

Massachusetts
No Guaranteed Issue Multi Pay.

Minnesota
No Guaranteed Issue Multi Pay.
Growth Rates 0.5%, 1.0%, 1.5%, 2.0%, 2.5%, 3.0%
Daily simple growth.

 One Year Pay:
0.5%, 1.0%, 1.5%, 2.0%, 2.5%, 3.0%
Three, Five, Seven & Ten Year Pay:
2.0%
Daily simple growth.
Health Questions One Health Question
Standard Issue (Question = "No")
Guaranteed Issue (Question = "Yes")

Florida
Two Health Questions

Massachusetts
Two Health Questions

Minnesota
Two Health Questions

Ohio
Two Health Questions

 One Health Question
Standard Issue (Question = "No")
Guaranteed Issue (Question = "Yes")

Florida
Two Health Questions

Massachusetts
Two Health Questions

Minnesota
Two Health Questions

Ohio
Two Health Questions
Issue Ages 0-99 Single Pay STD & GTD

 One Year Pay - Standard: 0-80
One Year Pay - Guaranteed: 0-99
Three Year Pay: 0-90
Five Year Pay: 0-85
Seven Year Pay & Ten Year Pay: 0-80
Death Benefit All Single Pay plans have an immediate full death benefit.

 Standard Issue:
All standard issue plans have an immediate full death benefit.
Guaranteed Issue: One Pay
Year 1 = Return of Premium + 3%
Year 2 = 100%
Guaranteed Issue: Three, Five, Seven & Ten Pay:
Year 1 = Return of Premium + 3%
Year 2 = 70%
Year 3 = 100%
Minimum Face Amount $500

 One Year Pay:
$500
Three, Five, Seven & Ten Year Pay:
$2,500


West Virginia
Guaranteed One Pay:
$1,000
Maximum Face Amount $50,000

Note: $15,000 maximum for the NGL Funeral Expense Trust. $50,000 maximum for the NGL Estate Planning Trust.

 One Year Pay:
$50,000
Three, Five, Seven & Ten Year Pay:
$25,000

Note: $15,000 maximum for the NGL Funeral Expense Trust. $50,000 maximum for the NGL Estate Planning Trust.
Chargebacks Non-accidental deaths:
Class A: Month 1-6 = 100% Month 7 = 85.71% Month 8 = 71.43% Month 9 = 57.14% Month 10 = 42.86% Month 11 = 28.57% Month 12 = 14.29% Month 13+ = 0%
Class B: Month 1-12 = 100% Month 13+ = 0%
All lapses, surrenders, non-forfeitures, not takens in Year 1 = 100% Chargeback

 Non-accidental deaths:
Class A: Month 1-6 = 100% Month 7 = 85.71% Month 8 = 71.43% Month 9 = 57.14% Month 10 = 42.86% Month 11 = 28.57% Month 12 = 14.29% Month 13+ = 0%
Class B: Month 1-12 = 100% Month 13+ = 0%
All lapses, surrenders, non-forfeitures, not takens in Year 1 = 100% Chargeback

Product Availability

AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA MD MA MI MN MS MO MT NE NV NH NJ NM NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY

Estate Planning Trust

Minimum $500
Maximum $50,000
Medicaid Protection* Five year look-back
Assignment Forms Estate Planning Trust (2591-EPT)
Excess Funds 2nd Beneficiary Allowed

Funeral Expense Trust

Minimum $500
Maximum $15,000
Medicaid Protection* Effective Date of Transfer
Assignment Forms Funeral Expense Trust (2591-FET)
Excess Funds Estate of the Insured

Trust Guidelines

Let your client know that this is an irrevocable assignment that results in the permanent transfer of ownership of policy rights. The client is not able to surrender, take a loan or receive a premium refund. The client cannot change ownership, beneficiary, or face amount of plan

For a complete Product Summary of either trust, please Click Here.

* Medicaid limits the face amount of policies, assigned to the NGL Funeral Expense Trust, which they will consider excluded assets in the following states:

Arizona - $8,000 | Connecticut - $5,400 | Delaware - $15,000 | Georgia - $10,000 | Illinois - $10,000
Indiana - $10,000 | Kansas - $5,000 | Louisiana - $10,000 | Nebraska - $4,513 | North Dakota - $6,000
Oklahoma - $10,000 | South Dakota - $10,000 | Tennessee - $6,000 | Utah - $7,000 | Vermont - $10,000

What is Medicaid?

Medicaid is a program to provide health coverage to the poor, the young and the elderly as a part of the United States Social Security System. It’s run as a partnership between the states and the federal government.  Every state has a Medicaid program, but they can be called something different in each state. Medicaid is called “Medi-Cal" in California, "MassHealth" in Massachusetts, and "TennCare" in Tennessee.

 

Medicaid is important for funeral planning because qualifying for Medicaid is one way that those over age 65 can get assistance paying for nursing home care when they are in need of it. To qualify for Medicaid, many people need to reduce the amount of assets they have so that they qualify for assistance. One of the ways that they can do this is to preplan and prepay their funeral expenses.

 

State-Specific Medicaid Limits

Medicaid limits the face amount of policies assigned to the NGL Funeral Expense Trust which they will consider excluded assets in the following states:
  • Arizona - $8,000
  • Connecticut - $5,400
  • Delaware - $15,000
  • Georgia - $10,000
  • Indiana - $10,000
  • Kansas - $5,000
  • Louisiana - $10,000
  • Nebraska - $4,513
  • North Dakota - $6,000
  • Oklahoma - $10,000
  • Tennessee - $6,000
  • Utah - $7,000
  • Vermont - $10,000

 
Insurance Sales Network of America - Safety Harbor, FL - 727-797-0487 - Fax: 727-797-0488 - Email