Estate Planning Trust Booklet - Stillman

Asset transfer and protection made easy

Is your financial picture really complete?

People tend to set aside money to pay for important events they expect in their life; a new house, retirement, a special vacation, college tuition for the kids, maybe even a family member’s wedding. Planning ahead makes sense because then the money is there when it’s needed and can be spent as intended.

But, what about planning your legacy?

Everyone wants to be remembered.

Leaving a financial legacy is one part that you can have a little control over.

What if...

...your funds could avoid probate and be received quickly? ...your end of life expenses were taken care of before paying others?

With the bonus of being income taxfree and easy to do, of course.

Have you thought about leaving money to your loved ones or a favorite charity, school or religious organization? ouldn’t it be nice to know that your money will go where you W intend it to and actually be available when the time comes?

Combining a free estate planning trust with a NGL group whole life insurance coverage helps protect assets up to $100,000, which will then be paid out according to your wishes. You can set aside some of the trust funds to pay your end of life expenses first, followed by your beneficiaries, allowing you to take care of two things at once: •

Funding for end of life and other possible immediate expenses.

•

Easily transferring assets.

Did you know?

The top two reasons people buy life insurance is to leave an inheritance and cover final expenses. Combining our life insurance policy with the free NGL Estate Planning Trust allows you to do just that.

Baby boomers give an annual average of $1,212 per person to charity.1

The average median inheritance left by Americans is $69,00.2

The #1 reason people buy life insurance is to cover burial and other final expenses.3

Considering end of life expenses…

There’s a lot to consider. First, you may not have a good idea of what a typical funeral can cost today, so let’s take a look at the numbers. $9,995

= Cost of a basic funeral today.4

$5,825

= Cost of a basic cremation today. 4

$15,595 = Cost when you add on typical fees for cemetery, monument, flowers and obituaries.5 2023 https://www.definefinancial.com/blog/charitable-giving-statistics/ 2022 https://www.newretirement.com/retirement/average-inheritance-how-much-are-retirees-leaving-to-heirs/ According to the 2022 Insurance Barometer Study by LIMRA 4 2023 National Funeral Directors Association General Price List Report.

5 2023 https://www.thezebra.com/resources/personal-finance/how-much-does-a-funeral-cost/ 1 2 3

Benefits of the NGL Estate Planning Trust

$ Proceeds are income tax-free

Completely FREE (no fees)

Anyone can qualify

Exempt from probate - funds available immediately (within 2 business days in most states)

Funds are totally portable (can be used with any funeral home provider)

Very simple to apply for

Keeps assets up to $100,000 safe from creditors

Can be used in addition to any other trust you may have

Provides peace of mind for you and your family - priceless

The process is simple and only requires one additional form along with your life insurance application. You can protect and transfer assets up to $100,000 to unlimited beneficiaries once your funeral expenses are paid. Plus, these funds may be excluded from Medicaid spend-down after 60 months, if ever needed.

Do I have to plan my funeral now?

Why use a trust?

No! That is one of the true benefits of using the NGL Estate Planning Trust.

You can set aside funds for these expenses now, but then you can either make the selections at a later time or allow your family to do that when the time comes. Either way, the money will be there and ready to pay for whatever services are eventually chosen. Selecting how much money you would like to set aside is all you have to do today.

It is the easiest way to transfer some of your financial assets to your loved ones and favorite charities. This trust is exclusively designed to help you do this and cover your funeral costs at the same time. Few people have the resources to pay for a funeral outright and many funeral homes require payment in advance of services. Your personal savings accounts may be tied up with probate delays. The NGL Estate Planning Trust is simply the only savings option that gives you the level of security and protection you need.

NGL Estate Savings Annuity Account Planning Trust

CD

Money Market

Mutual Funds

Benefit paid directly to the funeral home first?

Yes!

No

No

No**

No

No

Funds protected from creditors?

Yes!

No

No

No**

No

No

Money is income tax-free?

Yes!*

No

No

No**

No

No

*State regulations apply, please consult your legal advisor. Eligibility not guaranteed. **Unless put into trust for funeral expenses.

Where do I get the money?

You probably already have it! Sometimes all it takes is a little rearranging to create your complete financial picture in a way that works best for you. Consider your rainy day fund, a life insurance policy you already own, a certificate of deposit, money market account or an annuity. By using money from these sources to fund an insurance policy, you’re simply using existing assets to safeguard your financial legacy and ensure your final expenses are taken care of to make life easier for those you leave behind.

How does the plan work?

It’s simple. Whole life insurance coverage is purchased to set aside the funds you want to transfer to your children, grandchildren and charities plus the anticipated cost of your funeral. The certificate is then irrevocably assigned to the NGL Estate Planning Trust. This trust assignment is what gives you the advantage of: 1. Making sure the funds for your final expenses are available immediately and not tied up in probate at the time of death.

2. Remaining proceeds are paid out exactly as you wish.

Existing funds Certificate assigned to

Death benefit GROWS!

Group Whole Life Insurance Coverage

Estate Planning Trust

Use money from savings, 1035 Exchanges, etc.

Protected funds earn interest (tax-free) until time of need

*Or the estate of the Insured.

Claim paid

Funeral provider paid within 2 business days

Excess funds paid to named beneficiaries* Funds avoid probate costs and delays; expenses covered immediately

Is this the right product for you?

How do you know if this product might be right for you? If you answer “yes” to any of the following questions, then you know that this product may be the missing piece to your financial picture.

I want to make sure there is an inheritance set aside for my children and grandchildren.

I have a charity that I’m really passionate about and want to make sure there is money designated to it after I’m gone.

I want my assets to be protected from creditors if I should require long-term care.

I don’t want my family to have to worry about paying my funeral expenses.

Medicaid qualification is not a high priority for me right now.

Leave a financial legacy and peace of mind as your gift to loved ones. Providing money to your beneficiaries and setting aside funds for your final expenses is a wise and thoughtful choice - take the opportunity now to prepare for the future.

Work with your planning professional on a simple planning solution today!

FOR ASSISTANCE CONTACT: Steve or Maryjane Stillman 636-493-9600 Steve.Stillman@axiusfinancial.com

Two East Gilman Street Madison, WI 53703 www.nglic.com

Group life policies are issued to NCOA as Policyholder. Coverage issued to consumer under group certificate. Consumer must be a member of NCOA to purchase coverage. Compensation may be paid to NCOA for administrative services provided.

Maximum face amount for all certificates combined is $100,000 per life. Eligibility requirements and trust limits may vary by state, consult your attorney. Certain states have Medicaid Recovery programs requiring any excess to be paid to the state. The NGL Estate Planning Trust is available in most states and certain states may have additional requirements. Some states may vary on Medicaid rules and eligibility is not guaranteed; it is recommended to consult an Elder Law Attorney in your state for assistance.

This is group life insurance. This insurance coverage does not specifically cover funeral goods or services.

Goods and services may be required at time of qualification for Medicaid. The beneficiary may use the proceeds for any purpose, unless otherwise directed. The face amount of this policy is not guaranteed to increase at the same rate as the costs of a funeral increase.

NFECRT form series, et. al. 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. 2805-EPT-MO-S 01/24