How Life Insurance Can Be Used to Fund a Special Needs Trust
Special needs planners often recommend life insurance as a funding mechanism for an SNT. Here's why, and what yo...
Read moreA parent with a child with special needs should consider buying life insurance to help fund the special needs trust set up for the child's support. What may look like a substantial sum to leave in trust today may run out after several years of paying for care that the parent had previously provided. The more resources available, the better the support that can be provided the child. And if both parents are alive, the cost of "second-to-die" insurance -- payable only when the second of the two parents passes away -- can be surprisingly low.
Local Special Needs Planners in Your City
Special needs planners often recommend life insurance as a funding mechanism for an SNT. Here's why, and what yo...
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