You may know there are several guaranteed issue life programs for adults, with many unavailable until over age 40. This leaves a gaping hole in our industry for parents of special needs or uninsurable children.
From a planning perspective, many families in this situation could vastly benefit by implementing a Special Needs Trust for long-term care planning for their loved one once they’re no longer here to care for their child by themselves. This type of planning can be very specialized and creative when done by an experienced attorney in this area. However, what about insuring the actual life of that child?