Presidio Plus

Plan Ahead

Provide your loved ones with peace of mind by building a comprehensive estate plan that funds funeral expenses and creates immediate liquidity for your spouse and heirs. After someone passes away, their assets can get tied up in the probate process, leaving beneficiaries with financial uncertainty as the estate is being settled. With ELCO Mutual’s Presidio Plus suite, you can ensure that, within 48 hours of your passing, your loved ones will have the funds to cover funeral costs and more.

What is the Presidio Plus Suite?

ELCO Mutual’s Presidio Plus is a guaranteed issue whole life policy packaged with either a funeral trust or an estate trust. You can customize your plan to protect assets, fund final expenses, and make wealth transfers free of federal income tax. Which trust you choose will depend, in part, on the size of the policy you purchase and your individual goals.

Why Use the Presidio Plus Plan?

The Presidio Plus products offer two different trusts to choose from. Both options quickly disperse protected funds to fulfill your plans.

Funeral Trust

Thinking about the end-of-life process is never easy, but preparing early can eliminate unnecessary stress in the future. As you near the end of your life, nursing home costs can quickly drain your assets. This option allows you to prepare for burial costs while protecting the asset from nursing homes and other creditors.

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Estate Trust

After you pass away, your assets can be tied up in probate, leaving your loved ones to cover any final expenses in the meantime. The estate trust enables you to set aside funds that will be delivered to your beneficiaries within 48 hours of your passing, providing relief from these financial pressures.

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Who Should Use this Plan?

Setting aside funds for final expenses and creating an avenue for beneficiaries to execute the estate are problems most people experience. Therefore, many people should be able to incorporate these products into their estate plan. The Presidio Plus suite tends to be well suited for individuals who are:

  • Between the ages of 50–95
  • Looking for a way to fund funeral, burial, and memorial expenses
  • Want to protect funds from creditors, nursing homes, and Medicaid (eligibility varies, please speak with a local advisor regarding your state’s Medicaid requirements)
  • Wish to create immediate liquidity for heirs
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