2748 FET Brochure 03/23

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The NGL Funeral Expense Trust

Secure your funds today and benefit your family tomorrow

Funding your end of life expenses in advance.

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It is easy to do by combining the security of a National Guardian Life Insurance Company (NGL) insurance policy with our Funeral Expense Trust.* Listed below are just a few of the important reasons to consider when making this decision.

Flexibility/Availability

All funds are totally portable and can be used with any funeral provider. Proceeds are exempt from probate and most claims are paid within two business days. Up to $15,000 can be placed into the NGL Funeral Expense Trust* in most states.

Fund Value Increases Over Time

When you set aside funds in advance, the life insurance policy value increases at a predictable growth rate, providing even more dollars when needed. All benefits are paid out income tax-free.

Make Tax Time Easier

By transferring funds from a taxable investment such as a CD or Money Market account, you no longer will have to be concerned about taxation on future growth or annual 1099 forms.

Use Existing Money

Simply reallocate existing monies from low performing Certificates of Deposit (CD) or money market funds. Many people also use the cash value of a fully paid life insurance policy through a process called a 1035 Exchange into a NGL policy which is then placed into the trust.

A Program for Everyone

Everyone qualifies for AssetGuard regardless of any health conditions.

Easy to Apply For and Use

The trust is easy to use, totally free (no fees) and can be used in addition to any other trust you may have. Any funds remaining after paying your funeral costs will be returned to your estate.

Protect Your Loved Ones

By making funding plans in advance, you avoid placing a financial burden on your family and friends, allowing them to focus solely on your service and their memories of you. Plus, you’ll have the comfort of knowing that your funeral expenses are taken care of with the funds there when needed.

Protected Asset

The policy in the trust is protected from all creditors and may also be considered an excluded asset in order to qualify for Medicaid and Supplemental Security Income (SSI).**

Take the next step with your financial plan. Call your planning professional today.

*Not available in Indiana. Indiana residents may use the NGL Final Expense Trust, which offers similar benefits using an Indiana-based trust.

**If you are assigning ownership to the NGL trust and apply for public assistance, you may be required to provide a list of services and merchandise you have selected from the funeral home of your choice.

are many reasons to set aside funds for a funeral and final expenses.
Two East Gilman Street Madison, WI 53703 www.nglic.com NFECRT form series, et. al. Some states may vary on Medicaid Rules and eligibility is not guaranteed; please consult an Elder Law Attorney in your state for assistance. Products and trust limits may vary by state. Insurance coverage provided by National Guardian Life Insurance Company. National Guardian Life Insurance Company is not affiliated with The Guardian Life Insurance Company of America a.k.a. The Guardian or Guardian Life. 2748-FET 03/23

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2748 FET Brochure 03/23 by NGLIC - Issuu