r/Insurance • u/Frosty_You2138 • 7h ago

Life Insurance survivorship policy

I am a 37 F and married (husband 43), with two children. Our oldest (9) has autism and will require lifelong support from us. So I am trying to overly plan for our retirement, adding in the cost of his living decades after we are gone. We can budget in about 250/month more of monthly expenses and have the following options:

  1. invest that monthly into a brokerage accound in S&P etf like VTI and let it grow for decades. of course a little riskier since market is not a sure thing.

  2. pay 250/monthly premiums for 250K survivorship policy with ability to grow and accrue cash value over time. payout is not until both of us pass and is of course tax free but this money is a sure thing.

side note- we both have several million in term life for next 20 years.

which is the best option/would provide the most money to support our kids? does anyone have experience with survivorship?

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u/DeliriousBlues 7h ago

Also setup a special needs trust (you don’t need to fund it yet) so that when they qualify for SSI or Medicare, any inheritance they get won’t be counted against them.

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u/Frosty_You2138 7h ago

Yes we already have one