Irrevocable Funeral Expense Trust

Establishing an irrevocable funeral trust can help an individual accelerate Medicaid eligibility. It is a small life insurance policy that is purchased to cover a client’s anticipated funeral costs and is considered an exempt resource of Medicaid purposes. The policy is controlled by the insurance company’s funeral trust.

Most states impose a limit on the amount that can be placed in a funeral trust. Premium limitations vary but are generally limited to $15,000. This product is guaranteed issue to age 99. Some states may require a list of goods and services, which we can also provide.

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An Irrevocable Funeral Expense Trust is right for your client if they:
Have excess countable resources.
Would like the security of knowing his or her funeral expenses are covered upon death.
Product Features
Product Availability
  • Guaranteed issue to age 99.
  • Premiums generally limited to $15,000.
  • Controlled by insurance company.
  • Proceeds immediately available upon death to pay final expenses.

This product is available in every state expect Maine and Michigan.