11/29/2018 MassMutual’s SpecialCare: Helping caregivers make life-care planning decisions for dependents with special needsRead Now ![]() Michael Sousou, SpecialCare Planner with MassMutual Southeast Coast, shared his expertise with families attending Over the Edge At ONE DAYTONA earlier this month in Daytona Beach. Massachusetts Mutual Life Insurance Company (MassMutual)’s SpecialCare was a sponsor of the annual fundraising event benefiting Easterseals of Northeast Central Florida and The NASCAR Foundation. While cheering on rappelers, Sousou distributed information about MassMutual’s SpecialCare program for people with disabilities and other special needs and their families. A financial professional, Sousou has received special training in estate and tax planning concepts, special needs trusts and government programs. He explained that through SpecialCare, parents’ and guardians’ dreams for their loved one with disabilities are put in place in the event they are no longer able to care for their dependent. “We assist parents who have children with special needs, or adults with special needs, by helping them maintain their government benefits like SSI and Medicaid and by assisting them in establishing special needs trusts,” said Sousou. “A special needs trust allows parents (or any donor) to put assets in the trust for the child with special needs. And, no matter how much is in the trust for the dependent’s benefit, they can still qualify for their government assistance, too.” SpecialCare helps parents and guardians by educating them about things such as how to maintain benefits for their children with disabilities from birth through adulthood, and a special needs trust is a key strategy. The trusts are created to supplement – not supplant – government benefits. Another popular product offered by SpecialCare Planners is life insurance. “One of the unique products we offer is life insurance for the parent or guardian of the child with special needs, and in those policies, we include the special needs trust as the beneficiary of the policy,” he said. “So, if something happens to the parent or guardian, the life insurance policy pays into the trust and it’s used to cover expenses for the benefit of the dependent with special needs.” “These policies can give parents and guardians a feeling of confidence,” said Sousou. Sousou holds workshops throughout the region to educate parents and guardians about MassMutual’s SpecialCare offerings. He simplifies the perceived complexities and walks hand in hand through the program with families. “In the end, it’s well worth it to many families because they have the confidence of knowing that, no matter what happens to the parent or whomever is taking care of the individual with special needs, they can be taken care of for life. It’s about more than lifetime care, which is what government benefits provide; it’s about maintaining a desired quality of life for their loved one. SpecialCare Planners like Michael Sousou help clients:
To learn more about MassMutual’s SpecialCare program, contact Michael Sousou at msousou@financialguide.com or call him at 904-621-0445. Easterseals thanks MassMutual SpecialCare for its continued support and sponsorship of Over the Edge At ONE DAYTONA. Local firms are sales offices of Massachusetts Mutual Life Insurance Company (MassMutual), and are not subsidiaries of MassMutual or its affiliated companies. Easterseals is not a subsidiary or affiliated of MassMutual or its affiliated companies. CRN202011-239998 Comments are closed.
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