Nancy Reddish, Director
Life Insurance Specialist
Educational Advocate
Family Mediator M.G.L. ch233 Sec. 23C
978-697-7500
Nreddish@comcast.net
Life Insurance Specialist
Educational Advocate
Family Mediator M.G.L. ch233 Sec. 23C
978-697-7500
Nreddish@comcast.net
Family Advocacy Group
of New England
Life Insurance * for special families
A hundred years from now it will not matter what my bank account was, the sort of house I lived in, or the kind of car I drove. But the world may be different because I was important in the life of a child. ~~ Forest Witcraft
Did you know...In a 2008 study of families with special needs children it was found that 82% of parents fear their children won't have enough financial support upon the parents death, compared with 18% of parents with normally developing kids? Ask yourself which category you fall into.
What is your goal & time frame to initiate a viable insurance strategy? Being the parent or caregiver of a special needs child comes with immense & unique financial responsibility. It's imperative to insure that your special needs child receives the best care in the event that you are no longer able to provide that care.
Life insurance is a primary tool used to fund long term care due to the tax free benefits paid to beneficiaries. However for parents of children with a disability, purchasing life insurance requires careful consideration.
Unlike typical beneficiaries, an inheritance over $2,000 may disqualify special needs beneficiaries from certain federal and state assistance programs such as Social Security, Medicare, Medicaid Disability Income, and Housing & Independent Living Programs.
Do you have a plan to protect your family from special needs costs in the future? Protecting your surviving family against the financial impact is an enormous relief to family members left with caretaking responsibilities. It's disheartening to see families who work tirelessly taking care of special needs relatives, only to neglect devising a proactive financial plan for the future. Even more heart breaking is to see families spend years investing in an inadequate financial plan, finding out too late that the special needs beneficiary must choose between an inheritance or their state and federal benefits. However, solutions to these concerns are available and attainable.
So how do you avoid risk and build a financial strategy for your family's future? By developing a plan with a professional who understands special needs policies and insurance products. A professional who is not afraid to ask tough questions, has an abundance of special needs referrals and who is capable of navigating complex regulations.
As a career advocate for special needs families, I have a personal interest in the cause & a professional connection to my clients special needs. My career goal is to help my clients with the delicate balance needed to achieve the long term care and lifestyle their family deserves. My personal goal is to continue my involvement in improving the special needs environment, for families and those with disabilities.
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