Asset Transfer Using the NGL Estate Planning Trust

The NGL Estate Planning Trust is designed to be used for asset transfer to help your clients easily transfer wealth to their heirs and favorite charities. This trust is 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.

NGL Estate Planning Trust ($2,500 - $100,000)*

• Set aside up to $100,000 to transfer assets and also cover final expenses

• Ideal for leaving a financial legacy to loved ones and charities

• Not designed for Medicaid planning, but may be exempt asset under Medicaid guidelines after 60-month lookback

• Funeral costs paid first with excess funds directed to named beneficiaries (as many as desired) or the estate of the insured

• Trust is policy owner and beneficiary

Benefits

• Trust proceeds are income tax free

• Exempt from probate – funds available immediately!

• Keeps assets safe from creditors

• Trust is totally free – no fees

• Funds are totally portable – can be used with any funeral home provider

• Anyone can qualify

• Simple to use – just add a trust assignment form to insurance application

• Funds paid within 48 hours**

• Trust provides peace of mind for your clients – priceless

As with any trust or irrevocable assignment, educate your client on irrevocable assignment and the resulting permanent transfer or ownership of policy rights: not able to surrender, loan or receive a premium refund after free look, not able to change ownership or beneficiary, not able to change policy face amount or plan.

For Agent Use Only. *Individual state regulations including product availability, allowed maximum or minimum may vary by state. We recommend your client contact a legal advisor for complete details on irrevocable assignments, Medicaid eligibility and using a trust to protect their assets, including a life insurance policy.

**In most cases.

Montana maximum for NGL Estate Planning trust is $15,000.

NEED HELP? Call 800.762.9883 or visit www.mynglic.com.