The GCU Irrevocable Burial Trust (IBT)
provides insurance while offering
protection from unforeseen expenses later -
it’s advanced final expense planning
Why it’s a good idea?
• Assets in an IBT are not considered “countable” assets by Medicaid.
• Your clients can pre-pay for a funeral and all associated costs without choosing a specific funeral
home or visiting one.
• Funded with Whole Life insurance, an IBT has immediate tax-free growth and its death benefits
avoid probate.
• An IBT cannot be surrendered, dissolved or reversed; ensuring your clients’ wishes are carried
out.
• Your clients work directly with you, their trusted financial advisor.
Typically, when a client pre-plans and pre-funds their Funeral at a Funeral Home, there is no premium savings.
For example, if a client wants to pre-pay a $10,000.00 funeral, it will cost them $10,000.00 upfront. With Whole Life insurance,
either SPWL, 20 Pay or Life Paid up at 100, the client gets the premium saving's with the leverage of life insurance.
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