Traditionally, Medicaid spend downs have been associated with the preneed market which has been serviced by funeral directors.  Funds are placed into insurance policies and irrevocably assigned to a respective funeral home to protect them from consideration as an asset during Medicaid applications.

This system has worked extremely well for funeral homes and consumers, but unfortunately, although 52% of the population plans to prefund their funeral, over 50% of these individuals don’t want to go to a funeral home. This means that over half of consumers who want to prefund their funerals never get the opportunity.

However, by utilizing a Golden Considerations insurance product, combined with the Irrevocable Funeral Trust, we can create a pre-planning bridge that enables financial planners, elder law attorneys and insurance agents to offer their clients the same asset protection.

Contact us today for more information.

Introducing
Final Considerations

The death of a loved one is a powerful experience. Indeed, our own deaths will leave our family and friends in states of profound grief and helplessness. Unfortunately, it is at this very time that they will be required to make serious decisions regarding our funerals and estates.

Final Considerations was created as a tool to reduce the emotional, financial, and legal burdens often imposed on surviving loved ones. Plan your funeral, store your will and other important documents, write your own obituary, upload meaningful photos, and even compose emails to be sent when you die. FinalConsiderations.org is the most trusted and comprehensive end of life planning tool on the web, and best of all, it is offered completely free to your clients.

Yes, the wisdom of irrevocably placing final expense funds in a special type of insurance policy is undeniable during or prior to a Medicaid spend down.  Elder law attorneys and social workers have embraced this concept nationwide but because some have chosen not to sell insurance themselves, clients continue to be sent outside of their professional care.  Solutions offered by others may be sufficient to protect funds from Medicaid look-backs, however, they can be inflexible, risky, and inconvenient.  Golden Considerations has nearly three decades of preplanning experience.  After consulting with one of our licensed insurance agents over the phone, your clients can purchase a final expense whole life insurance policy from the convenience of your office.  If necessary these funds can be immediately assigned to an irrevocable trust free of charge!

Contact us today for more information.