As People With Down Syndrome Live Longer, Pru Boosts Long-Term Planning
New Jersey-based insurer Prudential — which has significant operations in Hartford — has inked an agreement with the National Down Syndrome Society to offer a new financial literacy program and related services to help create financial plans for the group’s clients.
Pru said it has trained over 140 insurance professionals to work specifically with financial planning issues for families with Down Syndrome as well as other special needs.
Although it’s not a new program within the insurer, it represents a partnership that calls attention to a growing need that affects life insurance buyers: Serving families with special needs.
Medical and other scientific advances have dramatically increased the life span of Down Syndrome patients over the last generation. In 1983, for instance, the average age of a person living with Down Syndrome was 26, said Sarah Schleider, spokeswoman for the National Down Syndrome Society.
Today that average age risen to 60.
via As People With Down Syndrome Live Longer, Pru Boosts Long-Term Planning – Connecticut Insurance.
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About The Author
Julia Roberts
Julia Roberts is founder of Support for Special Needs and has been a regular contributor since its inception in May 2010. A mom to two kids with special needs, she didn't want other parents to feel what is the often isolating world of raising a child (or two!) with disabilities. Her kids had kidney transplants at the age of eight and will need liver transplants in the future as a result of ARPKD/CHF. They both have vision disorders and learning disabilities.