Why Use Medicaid Compliant Group Life
An Alternative to the Medicaid Compliant Annuity
The Medicaid Compliant Annuity is a key tool in crisis Medicaid planning and provides a great lifeline for clients in need. Now, with the Medicaid Compliant Group Life product, elder law attorneys have another innovative spend-down and asset preservation tool at their disposal. Depending on your client’s case facts and planning goals, MCGL may provide an even better economic result than the MCA.
100% Asset Preservation
The primary benefit of MCGL is up to 100% asset preservation for the client’s intended heirs. This is particularly beneficial when dealing with single clients. In those cases, a typical Gift/MCA Plan or “Half-a-Loaf” plan only protects about 50% of the assets. MCGL is a solution that not only has the ability to preserve the entire spend-down amount but also achieves immediate eligibility with no penalty period.
Discover education, resources, and tools designed for legal professionals in the estate planning and elder law industry.
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If you’re new to Krause or you aren’t sure where to begin, schedule a call with one of our specialists. We’ll discuss how our products, services, and resources can help you streamline long-term care planning in your practice.
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Medicaid Compliant Annuity
An MCA is the ultimate crisis planning tool designed to quickly and efficiently accelerate Medicaid eligibility.
Explore the MCA
Long-Term Care Insurance
Bolster your client's estate plan with long-term care insurance and help safeguard their financial future.
Explore LTCI
Funeral Expense Trust
This simple insurance policy benefits clients in all stages of the long-term care planning process.
Explore the FET