Products

The Wealth Protector

The Wealth Protector is a Medicaid Qualifying annuity program designed
to protect assets against the disastrous financial effects of long-term
care without on-going long-term care insurance premiums. The
annuities help you to save your estate from many of the costs
associated with a prolonged illness. This is done through specially
designed Flexible Premium Deferred Annuities for pre-planning and a
Single Premium Immediate Annuity used at the time of long term care.

On February 8, 2006, Congress passed the Deficit Reduction Act of
2005. It has several significant changes to the previous Medicaid laws
that were Part of the Omnibus Budget Reconciliation Act of 1993. It is
that previous “OBRA ’93,” that was the basis for present day Medicaid
Planning. We do not know how expeditiously individual State Offices will
begin using the important changes to Medicaid Law.

The Estate Saver

THE ESTATE SAVER is a Single Premium Pure Endowment Life
Insurance contract with no cash value. THE ESTATE SAVER is an
ideal way to protect your assets against any unscrupulous acts by your
Power of Attorneys. When the policy matures, you get all your assets
back in addition to any growth which may have occurred. In the case of
death prior to maturity, the Company will pay a post-mortem dividend
according to the Policy Illustration. The Policy may be written for a three,
five or ten year term, depending on the health and/or age of the insured.

What is Endowment Life Insurance?

Definitions of Endowment Insurance:

From The Life Insurance Industry

Endowment Insurance
...it may be said that an endowment policy is a combination of pure or
level term insurance and a pure endowment. The same description may
be applied to a whole life policy, which is simply a combination of term
insurance for a period extending to age one hundred and a pure
endowment for the same time.
Life Insurance, by Dan McGill, 1967 edition

Pure Endowment Life insurance policy under which its face value is
payable only if the insured survives to the end of the stated endowment
period.
Barron's Dictionary of Insurance Terms, by Harry W. Rubin, third
edition, 1991

Definitions of Endowment Insurance:

From the Web

Endowment Insurance
A type of life insurance that provides a benefit (a) if death occurs during
a specified number of years or (b) if, at the end of the specified number
of years, the insured is alive.
www.1stinsured.com/e.htm

Endowment Insurance
A form of Life Insurance where the face amount is payable to the insured
at the end of the contract period or to a beneficiary if the insured dies
before that. An example would be an insured purchasing an endowment
payable at age 65: If he reaches that age, the proceeds would be
payable to him. If he dies prior to that age, the proceeds would be
payable to the designated beneficiary as a Life Insurance benefit. (LI)
www.insweb.com/learningcenter/glossary/life-e.htm

Endowment Insurance
(n) endowment insurance (life insurance for a specified amount which is
payable to the insured person at the expiration of a certain period of
time or to a designated beneficiary immediately upon the death of the
insured)
wordnet.princeton.edu/perl/webwn

Endowment Insurance
A type of life insurance that is payable to the insured if he/she is still
living on the policy's maturity date, or to a beneficiary otherwise.
http://www.investorwords.com/1708/

Endowment (Life insurance)
payment of the face value of a life insurance policy, usually at age 98-120
http://en.wikipedia.org/wiki/Endowment

Definition of "Endowment Insurance"
A type of life insurance that pays the face amount of the insurance if the
insured dies during a specified number of years. The insured receives the
face amount of the life insurance if alive at a certain age or at the end of
the specified number of years.
http://www.totalreturnannuities.com/annuity-glossary/e/endowment-
insurance.html

Endowment Policy Benefits -- Why Choose an Endowment
Policy?

A key benefit to an Endowment Policy as a savings vehicle over other
insurance products become very obvious. The primary insurance policy
used today as a savings vehicle is a Tax-Deferred Annuity. Upon death,
the beneficiary owes the income tax due based on all annuity growth.

However, when death occurs to the owner of an Endowment Policy and
the funds pass to the beneficiaries, there is no income tax due from any
growth occurring in the Endowment Policy. This is a benefit true to Life
Insurance Policies as opposed to Annuities.