Trusts That Protect Your Assets
Set aside money for end-of-life expenses and protect assets for Medicaid qualification.*
Trusts That Protect Your Assets
Set aside money for end-of-life expenses and protect assets for Medicaid qualification.*
Choosing an NGL Trust
Planning your final arrangements is about more than your funeral. Perhaps you want to leave money to your loved ones or favorite charitable organization. Maybe you’re preparing to enter a nursing home and need to know how to protect your assets while qualifying for Medicaid. NGL has two trust options to help you meet these goals and protect your finances and assets.
Estate Planning Trust
If you're looking to save for end-of-life expenses and transfer cash assets outside of a will, the Estate Planning Trust can help. With this trust, funeral expenses are paid from your policy first with the remaining benefits paid to named beneficiaries.
Consider this trust if you want to:
Set aside up to $100,000 to transfer assets, and also cover final expenses.
Leave a financial legacy to loved ones and charities.
Pay funeral expenses first with excess funds directed to main beneficiaries.
Funeral Expense Trust
If you're looking for a way to prefund your funeral and also qualify for Medicaid, the Funeral Expense Trust can help.** This trust allows you to set aside funds for funeral expenses, and it's protected from creditors. The policy value may be excluded as an asset if qualifying for Medicaid. Any policy proceeds not used are paid to the estate of the insured.
Consider this trust if you want to:
Set aside up to $15,000 to cover funeral and other final expenses.
Qualify for Medicaid
May be considered exempt from Medicaid immediately or after your state's lookback period
Keep assets safe from creditors
*Some states may vary on Medicaid rules and eligibility is not guaranteed; please consult an elder law attorney in your state for assistance. The NGL Estate Planning Trust is subject to a lookback period for Medicaid qualification based on your state's requirements. Products and trust limits may vary by state, due to individual state regulations. Trust not available in all states.
**Not available in Indiana. Indiana residents may use the NGL Final Expense Trust, which offers similar benefits using an Indiana-based trust.
In Missouri: 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.