an snf burial trust is
Lower Cost Than Preneed, More Fexible Than Preneed, Safer Than Preneed
SNF life is the trustee of your free burial trust
the snf burial trust is your low cost and safe preneed alternative. Here are some of the covered items
Funeral Home Personnel
Embalming and
Cosmetology
Casket or Other Containers
Clergy Honoranium
Cremation
Flowers & Musicians
Transportation & Other Legitimate Funeral Expenses
what is an snf Burial Trust?
An SNF Burial Trust is a legal arrangement that allows for significantly more flexibility than the traditional preneed contract. You can fund your trust with a single payment that can offer you a significant discount over the traditional preneed contract or you can spread your trust funding over 20 years or your lifetime. Any of these options will save you significant money when you qualify.
Additionally, your heirs have increased safety because, unlike a preneed contract, your SNF Life Trustee and fiduciary will ONLY pay the exact amount of the funeral cost and send the excess to your estate. Note: there are no costs associated with the administration of your burial trust when you fund it with an SNF Life plan.
powerful & simple
By irrevocably assigning your policy to the SNF Life Burial Trust you receive:
1) The ability to exclude your policy as an asset in order to qualify for government assistance programs.
2) Policy proceeds are paid to the trust, which then pays your funeral costs. Any excess funds are returned to your estate.
3) Funds used for funeral expenses are protected from creditors, such as nursing homes, hospitals, etc.
4) Death benefits used for funeral expenses will avoid probate costs and delays.
5) Benefits paid are income tax free. IRC code section 101(a).
6) The peace of mind that comes from knowing that a fiduciary is making sure your family is protected from unforeseen costs.
As of April 2024 the National Funeral Directors Association reported that the average funeral with a viewing and burial costs $8,300!
The average preneed costs too much! A traditional preneed with an $8,300 face amount and a 10-year payment plan ranges from about $115 per month for a 50-year-old to about $155 per month for a 75-year-old. Add it up. A 50-year-old will pay about $13,800 over a 10-year period and 75-year-olds will pay about $18,600 over 10 years for a traditional $8,300 preneed. Compare that to the outlay in the example below. See how much lower the cost to fund an SNF Burial Trust would be!
20 year payment snf trust vs average competitor's preneed - monthly deposit
Many people who take the loving step of preplanning their funeral are now turning away from expensive and inflexible preneed plans in favor of flexible, safe, and low-cost Burial Trusts. Contact us to see if you qualify and get your quote for a low cost, flexible, and safe SNF Burial Trust. You can also reach a live operator 24 hours a day 7 days a week!