Securing the Future for Your Special Needs Loved One
If you are the spouse, parent or grandparent of a special needs individual, you have
unique planning needs. One of the largest concerns of families with children or loved
ones who have special needs is how to best fund their long-term personal and financial
needs in a way that will secure for them a fulfilling life while providing for all their lifestyle
needs taking into account their specific abilities and preferences. Whether you as a
family with a special needs child or loved one has funds already earmarked or are
planning to set aside funds for your special needs loved one to protect their future, the
concerns remain about what will happen when you (as a spouse, parents and/or
grandparents) pass away.
Are you concerned about:
Having not been able to set aside any funds to provide for your special needs
loved one’s future?
Not having enough money set aside for your special needs loved one?
Having suffered considerable losses in your 401(k), IRA, retirement or
savings that will directly affect the quality of your special needs loved one’s
future upon your passing?
The volatility of in the market today affecting the safety of the funds you have
set aside for your special needs loved one?
It would not be uncommon to state that you have probably spent many sleepless nights
worrying about these things.
There was a cost effective way to start setting aside funds for your special needs loved
You could double or triple the amount of funds you planned on setting aside or have
already set aside for your special needs spouse, child or loved one?
You could recoup some or possibly ALL of the losses in your 401(k), IRA, retirement or
savings to restore what you have set aside for your special needs loved one?
You could avoid the volatility of the market thus eliminating any risk to these funds?
The Ideal Solution…
The Gift of Love Program
Planning for a special needs individual requires preparation, careful research and
experienced professional guidance. Now there is an innovation concept that offers a
variety of funding strategies to provide the answer to securing your special needs loved
one’s lifestyle and financial future with guarantees, tax-free distributions and at no risk!
It is called The Gift of Love Program. Each family’s individual financial situation is
considered in choosing the funding strategy that best fits for them in customizing their
plan design. The cornerstone of The Gift of Love Program is life insurance and not just
any life insurance; it must be a no lapse guarantee life insurance policy. Only through a
no lapse guarantee life insurance policy, can you LEVERAGE the money you already
have set aside or are planning on setting aside to protect the future needs of your
special needs loved one. Life insurance is ideal because the death benefit is:
federal income tax-free
immediately available and thus self-completing
private as it usually is received without having to go through probate
What is important to understand is that there are particular funding strategies that are
used with The Gift of Love Program that incorporate more than just no lapse guarantee
life insurance. Other financial vehicles may be combined with this type of life insurance
along with a Special Needs Trust to not only increase the amount of funds you are able
to leave to your special needs child or loved one (through leveraging) but can also
provide addition money for other necessities yoou feel would be important to them. The
Gift of Love Program can provide so much more for your special needs loved one and
isn’t that really what they deserve?
To learn more and see if you can qualify for The Gift of Love Program, call our
knowledgeable and friendly staff locally at 303.796.8885 or toll-free at 1.800.789.3008.
With The Gift of Love Program you can finally have Peace of Mind knowing that
your special needs spouse, child or loved one can have the comfort, care and quality of
life that you wish most for them!
James C. Lorigo
Gift of Love Examples for Special Needs Children and Their Families
(click to enlarge)
Questions on The Gift of Love
for Special Needs Loved Ones
Q. What would it mean to a parent or grandparent if they could, using The Gift of
Love Program, provide an extra $100,000, $250,000, $500,000 or more to their
special needs child or grandchild?
A. EVERYTHING! Let us show you how easily this can be done with life insurance
using pennies on the dollar! Life insurance is an extremely cost effective means to
provide for the financial and lifestyle planning of your special needs child or loved one.
In most circumstances, life insurance death benefits are income and estate tax-free.
Q. If you could provide for the financial future of your special needs child or loved
one with taxable, tax-deferred or tax-free dollars, which would you choose?
A. Tax-Free dollars, of course! The Gift of Love Program provides TAX-FREE
DOLLARS to secure the future of your special needs child or loved one. The Gift of
Love Program uses the one vehicle – life insurance - that provides tax-free benefits
unlike real estate, stocks, mutual funds or other investment products whose distributions
are taxed. The result…MORE FUNDS go to your special needs child or loved one!
Q. How do I qualify for the life insurance through The Gift of Love Program?
A. You must be insurable to qualify. Either the parents or the grandparents applying
for the life insurance must be insurable to qualify.
Q. What is the selection process for the life insurance?
A. Our firm and insurance affiliates go through a very thorough and methodical
research process. They will analyze different life insurance products offered by the top
insurance carriers to get the maximum death benefit for the lowest cost as it pertains to
each family’s particular financial situation.
Q. Is there one specific type of life insurance product that works best with The
Gift of Love Program?
A. No, The Gift of Love Program is designed to use a variety of no lapse
guarantee life insurance products in order to be flexible enough to provide the
greatest death benefit on the parents or grandparents. Depending on the parents
or grandparents financial and health situations, each type of no lapse guarantee life will
be reviewed to customize a particular Gift of Love Program design for each client. In
many cases, a second-to-die, no lapse guarantee life insurance policy could provide a
much higher death benefit on the parents or grandparents.
Q. If I already own a life insurance policy, would it be wise to have it reviewed to
see if it will work optimally with The Gift of Love Program?
A. Absolutely, because life insurance product features change and with increased
longevity, premium rates have become more cost effective. Therefore, it would be
advisable to have your current policy analyzed to see if it has a no lapse guarantee,
provides the most death benefit for the premium you are paying and in some cases,
your overall health may have improved allowing you to pay lower premiums. There is
no cost for this complimentary review.
Q. What are the different options The Gift of Love Program provides grandparents
A. Because grandparents often have more resources than parents, there are
many ways they can use The Gift of Love Program to provide for their special
needs grandchild. If they have already set aside funds for their special needs
grandchild, they can substantially increase that amount by leveraging it with life
insurance. If they are insurable, they can purchase life insurance on themselves to fund
The Gift of Love. If they aren’t insurable or if they want to further increase the funds left
to their special needs grandchild, they can use the funds earmarked for this and
purchase life insurance on their child (the parent of the special needs child) to
accomplish this. The funds the grandparents may use for this can come from a variety
of sources – a 401(k), an IRA, a retirement plan or savings account.
Q. Can grandparents use the concept of gifting with The Gift of Love Program?
A. Yes, grandparents can gift the funds to any child they have who has a special
needs child (currently up to $13,000/year per grandparent) to purchase life
insurance on the parent. Because the life insurance is purchased on the parents’ life
and they are younger than the grandparents, leveraging of these funds are optimized
and will dramatically increase the amount of funds the grandparents will be able to leave
to their special needs grandchild.
Q. Who should be assembled in the planning decision in using The Gift of Love
Program for a special needs child or loved one?
A. The best planning will involve a team consisting of an insurance professional,
a Special Needs Planning attorney, a financial advisor and a professional care
giver to develop a plan for lifetime care. Our firm can help place these professionals
at your disposal.
Q. What is a Special Needs Trust and how does it relate to The Gift of Love
A. A Special Needs Trust (also known as a “supplemental needs” trust or “safe
harbor” trust) provides a means of combining resources from government funded
programs with private resources. It allows a special needs child or loved one to
receive life insurance proceeds, gifts, lawsuit settlements, or other funds and not lose
their eligibility for certain public benefits supplied through governmental programs such
as Supplemental Security Income and Medicaid. A Special Needs Trust is essential to
ensuring that your special needs child or loved one will receive funds to “supplement”
but not replace public benefits from governmental programs thus enhancing and
enriching the overall quality of their life now and in the future, above and beyond, the
benefits they receive from SSI and Medicaid. Optimally, a Special Needs attorney
should be used.
The statements, opinions, and examples set forth herein are subject to this disclaimer. Use of these various
strategies may involve products such as Annuities, Life Insurance, qualified and non-qualified retirement vehicles.
This information and the concepts mentioned herein do not constitute an offer or a solicitation for a specific insurance
product or a non-securities investment. Additionally, nothing contained herein should be construed as individual tax
advice or legal counsel. Americorp Services, Inc. and/or its affiliates does not provide legal or tax advice. Americorp
Services, Inc. and/or its affiliates disclaims any liability arising from the use of, or the reliance on, the information
contained herein. Individuals are strongly advised to seek independent tax advice and/or legal counsel through their
tax consultant and/or special needs attorney as results will vary and are determined by individual financial situations.
Any written statement contained herein relating to any federal tax transaction or matter may not be used by any
person to support the promotion or marketing or to recommend any federal tax transaction or matter. Lastly, all
information and material contained in this material is designed to be educational in nature and does not constitute an
offer to sell or a request to buy any particular product.