FINAL EXPENSES AND LEGACY PLANNING

WE START WITH THE BASICS – PROTECTING YOUR FUNERAL FUNDS

The Baby Boomers are a healthy, active generation expected to live longer lives than their parents and grandparents.  But lurking behind the obvious risks of living a long life (inflation, endurance of retirement savings) is a growing risk for this healthy generation – nursing care.  Over half of all nursing care dollars spent in the United States are funded by Medicaid for individuals that have exhausted their assets paying for nursing care.  What we find many are not aware of is that this often results in one having to relinquish their life insurance and/or funds earmarked for funeral and final expense costs.  There are a few options to fund final expense and funeral costs that are generally exempt from Medicaid spend-downs that we make our clients aware of.  

DO YOU WANT TO PROVIDE A LEGACY?

We are glad to help clients who wish to provide legacies for family, education, organizations and more.  In many situations, there are tax and security advantages to legacy planning.

DO YOU WANT TO HEDGE THE RISK OF NURSING CARE?

With both consumers and insurers leaving the Long Term Care insurance marketplace the health and life insurers are forced to create new methods for insuring for nursing care.  We stay on top of this fluid marketplace for clients who are looking to protect retirement assets from the cost of nursing care.