By Mario Mastroianni, Sales Executive, Life, Oswald Companies
For parents with a child who has a disability, securing the financial future of their children is of utmost importance. Government assistance programs can provide some support, but may not provide everything you as a parent would want your child to have.
With so many other financial challenges, planning for the untimely death of a parent or caretaker could prove daunting. However, obtaining life insurance and professional advice has become easier and more affordable than ever. A healthy 45-year-old (male or female) can acquire $100,000 of ten year term life insurance for less than $13 per month.
In many instances, healthy individuals can obtain $1 million or more of death benefit in less than 48 hours without a blood draw or other medical requirements. Technology has streamlined the acquisition of life insurance so that now qualified individuals can complete 100% of the process online.
If you think your medical history would prevent you from qualifying for this accelerated underwriting process, full underwriting is still an option. An insurance broker should have access to many life insurance companies, many of whom specialize in insuring certain medical impairments. The advances of modern medicine have made it possible to insure cancer and heart attack survivors, and number of other health conditions such as high blood pressure and diabetes.
Providing a lump sum benefit to your child with a disability can be easy and affordable. Do not let health complications prevent you from exploring life insurance as an option. A qualified life insurance broker with access to many carriers has the tools available to help you acquire term life insurance in a cost effective and efficient manner.
Sales Executive, Life
O | 216.367.8787 F | 216.916.4279
D | 216.369.8489 M| 216.956.9887
1100 Superior Avenue | Suite 1500oswaldcompanies.com
Cleveland, OH 44114