What Is A Funeral Trust?

With 93% of seniors opting not to purchase long-term care insurance, many older adults are at risk of having their estates plundered if and when the need for long-term care arises.

Funding a Funeral Trust safeguards assets from a nursing home or Medicaid, an issue that a majority of older people are worried about. It also makes money instantly available to pay for a funeral at the time of death, taking the burden off of the family. 

The Funeral Trust is a guaranteed issue product and can be written up to the age of 99.  The simple, one-page application requires no underwriting, and premium amounts range from $1,000 – $15,000. The Funeral Trust is nursing home and Medicaid exempt (In most states); even better it is fully transportable to any funeral home.

At the time of death, the funeral trust pays any funeral home that provides the services. The Funeral Trust also also allows you to go to the funeral home when you are ready. Funeral trusts are created with the financial advisor and client from the comfort of their home or office.

To learn more about DelcoUSA and the Funeral Trust please contact Jolin Damask at 877-336-7782 or email at jolin_damask@delcousa.com

Follow DelcoUSA on Social Media