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Are any of you Final Expense agents selling Funeral Trusts? If so, how do you find the market for this product---any good. Anyone know anything about NGL (national Guardian Life)?
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Are any of you Final Expense agents selling Funeral Trusts? If so, how do you find the market for this product---any good. Anyone know anything about NGL (national Guardian Life)?
Single Premium life insurance may make sense, but you have to understand that if a lawsuit occurs, admission to a Long Term Care facility, or a Tax Lien, their cash value from that life insurance policy.
Sorry Ramiz... Did you leave out a verb or two??
I really want to know what you meant to say about SPWL...
DJ
I advise my clients to never pre-pay funerals direct to funeral homes.
1) Once the funds are there, your stuck. You cannot transfer the money to another funeral home.
2) If the Funeral Home runs out of business, what’s going to happen to your money?
3) People are sold funeral packages, and think that they are locking in a price. NOT TRUE. Funeral homes will quote the family today’s price for the funeral, not the price they thought they had 10 years ago.
Single Premium life insurance may make sense, but you have to understand that if a lawsuit occurs, admission to a Long Term Care facility, or a Tax Lien, their cash value from that life insurance policy is at risk.
A Funeral Trust or Irrevocable Life Insurance Trust is really the only viable answer with no funeral home being named the beneficiary.
I am far from an expert so I am not trying to come off that way, but what do you think Newby? Am I far off base here?