The Role Life Insurance Plays in Families of Children with Special Needs The Role Life Insurance Plays in Families of Children with Special Needs

Depending on the type you get, a life insurance policy can provide your child with special needs with these long-term benefits:

  • Funding for the day-to-day costs of caring for your child.
  • Funding for special needs trust.
  • A way to leave funds to a special needs trust (where the trust, not your child, is a beneficiary of the life insurance policy) after the second parent dies, while maintaining your child’s eligibility for government benefits.
  • Funding for the costs of a caregiver if your child needs long-term or part-time care.

 

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