How to Fund a Special Needs Trust With Life Insurance Proceeds

Discover how life insurance proceeds can be used to fund a special needs trust in our informative article. Learn the essential steps and strategies to ensure financial security for your loved one with special needs.

UPDATED: Mar 5, 2024Fact Checked

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How to Fund a Special Needs Trust With Life Insurance Proceeds

A special needs trust is a legal arrangement that allows individuals with disabilities to receive financial support while still maintaining eligibility for government benefits. It serves as a tool to safeguard their quality of life and ensure they are provided for even when their loved ones are no longer around. Funding a special needs trust can be a complex process, but one viable option is using...

William Lemmon

Principal Broker

William Lemmon has been a licensed insurance agent for over 12 years. He is the principal broker and owner of Broadway Insurance Services in Los Angeles, CA. He works one-on-one with clients to create personalized plans that minimize risk and maximize savings. Being one of the foremost authorities on Airbnb and home-sharing property insurance, Lemmon offers his clients first-hand guidance on how t...

UPDATED: Mar 5, 2024

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UPDATED: Mar 5, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

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