Utah Insurance License Number: 88816         Pre-Need Sales Agent Number: 325672-5802

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This agency only works with local, privately-owned funeral homes. This means you will be dealing with a trusted member of your community, not some distant corporation only worried about a bottom line.

How I Have Some of the Very Best Whole Life Products for Seniors





I specialize mostly in the needs of people over the age of 50. I'm concerned not with just "insurance coverage," and I don't really believe much in the value of term life for people who are advancing in age. I specialize in cash value growth whole life plans and trusts, but the trusts I offer are particular kinds of trusts offered by life insurance companies: funeral expense trusts and estate planning trusts. There are many other types of trusts I do not offer.





Products Offered by Our Agency

Funeral Expense Trusts
Estate Planning Trusts
Guaranteed Issue (No Health Question) Whole Life
Regular Whole Life Insurance
Annuities (Fixed and Indexed)
College Funding Whole Life
Universal Life
Term Life for Seniors


  


My Most Popular Product:



Most funeral homes who sell "guaranteed pre-paid funerals" use limited pay whole life policies offered by companies such as Security National Life, Forethought, Great Western, Homesteader's Life, etc. to ensure that they make money for themselves as well as the insurance company. This is commonly known as a "pre-need arrangement." The insurance company must be specifically in the business of funeral funding and "final expense." Nearly all funeral homes use this type of insurance to freeze or guarantee funeral costs in advance. What the customer gets is a guaranteed pre-paid funeral service and casket, which is maybe 70% of the total cost of having a funeral and burial. The remaining 30% can be part of the same plan as cash with lifetime growth, plus the benefits of insurance that would pay off the balance should all the five, seven or ten year's worth of payments not be made due to the insured's death. In much less common circumstances, the funeral home will maintain a special trust fund for guaranteeing funeral cost, with no benefits associated with insurance.





But at what cost to the customer are these plans? The ten-year payout on the limited pay whole life plans often means the customer's total cost for the funeral arrangements is double the cost of today's funeral. The first solution, to get the best deal, then, is to pay it off quickly or with one payment. The next solution is to carefully select the funeral home or funeral service provider with the best prices on caskets, services, and burial vaults, or cremation options. I help you do all of this.

Is there an insurance product that funeral homes use that won't punish you for making ten years' worth of payments and freezes your costs? Is there a product that gives you a discount for paying it off quickly, with cash value growth as long as you're alive?

I offer a product perfectly suitable and legal for guaranteeing funeral costs (as long as a funeral home contractually agrees to in advance). It can also be used without cost guarantees as a means of setting aside money for funerals with insurance benefits. Companies like Memorial Estates won't use it, because there isn't enough profit in it for them. I have had a few funeral homes reject the product I use because "it is a great deal for the customer but not a great deal for us." Funeral homes and funeral service providers who are operating by different financial criteria profit by the FET. I have contracts with funeral homes who accept the NGLFET to guarantee their cost. Among many other things, the Funeral Expense Trust won't cost you DOUBLE the cost of a funeral if you have to take ten years to pay. To run scenarios, go to MY CALCULATOR PAGE. The cost of using the Funeral Expense Trust to pay for funerals is one of the primary reasons I use it on all my plans. I could just as easily use Forethought or Great Western, but you would not get the best plan of all. Right now I offer the best funeral plans your money can buy.







BEST VALUES IN NORTHERN UTAH:



If your favorite funeral home is not on this list, they are EXPENSIVE.

Many people "set aside" money for a funeral, but they do it the wrong way. They use the least tax-advantageous means with low rates of return and do nothing to freeze their costs. The Funeral Expense Trust, also known as a Tax-Exempt Funeral Saving Account, is designed for tax advantages with cash growth. (CLICK HERE FOR DETAILS). It does not require a lump sum payment, but making a single payment is one option that has many advantages. A senior can contribute any amount up to $15,000 to pay for burial, cremation, and funeral expenses. Up to $100,000 can be contributed to the Estate Planning Trust. The payments to build the fund are not tax-deductible, but all the cash value growth is completely free of income and estate taxation. In addition, the funds are completely protected from creditors, lawyers, nursing homes, and they cannot be counted as an asset for Medicaid qualification purposes. National Guardian Life is the leader in funeral and final expense funding.

You should be able to determine, from studying this Web site, with a great deal of accuracy how much your "face amount" should be. I reiterate the fact that most people can do just fine with $5,000-$6,000 as long as they choose the right funeral service provider and don't get bilked by the high profile and chain funeral homes who over-charge for everything. Every multi-pay plan (meaning you make payments instead of investing a single sum) comes with insurance to pay off the balance should you pass prematurely. All the features described above make this the best funeral funding product on the market. Go to my Calulators page to find out exactly what payment plan will suit you. You can prepay any amount and later skip payments if you have enough invested.


Some people decide to do their funeral planning on one day when they allow the sales representative from their local, high-profile or chain funeral home to come over to discuss it with them. At the end of the meeting, they end up purchasing two funeral plans that costs them $220 a month for ten years. They finally get it over and done with, but in fact, they've made a costly mistake. Read more about this.





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