Life Insurance for Estate Planning
Can life insurance fund a special needs trust?
Life insurance can fund a special needs trust (SNT) for a child or family member with disabilities. The death benefit from a life insurance policy can be paid directly to the SNT, providing funds for the beneficiary's care without disqualifying them from government benefits.
Key Points
- Life insurance funds a special needs trust (SNT)
- Death benefit paid directly to the SNT
- SNT provides funds for care without disqualifying from government benefits
- Government benefits: Medicaid, SSI, and other programs
- An independent agent can help you find life insurance for a special needs trust