#United States #St. Petersburg #child support #NASDF #Support Insured

NASDF Launches the Revolutionary Support Insured

The National Association for Single and Divorced Families (NASDF) has made history with the introduction of Support Insured, the first-ever insurance policy tailored specifically to secure child support and alimony payments. This initiative aims to provide financial protection for families facing unexpected challenges such as job loss, short-term disability, or death, ensuring that essential support for children remains uninterrupted.

Bridging the Gap in Support

Traditionally, child support is safeguarded through life insurance policies, but these often come with limitations and do not extend to include alimony. Recognizing this gap, NASDF's Support Insured combines both child support and alimony insurance under a single policy, making it a pioneering solution for single and divorced families.

Ron Platt, the CEO and Co-Founder of NASDF, emphasizes the importance of this development: “For too long, families have had to rely solely on court orders and hope for the best. Support Insured was crafted to offer more than just a policy; it’s about ensuring the well-being of children who depend on that financial support.”

Designed for Flexibility

The Support Insured policy allows for flexibility when deciding who should purchase the insurance. Either the individual making the support payments (the payor) or the one receiving them (the payee) may opt for the policy. This flexibility ensures that both parties can collaborate to secure the financial stability of their children. A payor may want to defend their obligations against potential income loss, while a payee can choose to protect themselves from any financial disruptions.

NASDF advocates for productive conversations between both parties regarding this coverage, ideally during mediation or separation agreement drafting. This proactive discussion allows families to safeguard their children’s financial needs, mitigating uncertainties that the future may hold.

Joy Read, COO and Co-Founder of NASDF, reinforces the proactive approach: “The time to plan for life's 'what-ifs' is when agreements are being made, not after something goes wrong. Planning together for issues like these during the separation or divorce process can significantly contribute to a child’s long-term wellbeing.”

Commitments to the Community

NASDF’s commitment to assisting members extends beyond just providing insurance. The organization aims to partner alongside families, contributing to their journey toward securing their futures. As part of their mission, NASDF offers educational resources and support to help families navigate the complexities associated with single and divorced parenthood.

To explore more about Support Insured and see how NASDF is redefining the support system for single and divorced families, visit www.nasdf.org. Membership benefits include access to this exclusive insurance product, along with a comprehensive suite of tools, resources, and discounts provided to support families throughout their journeys.

About NASDF

The National Association for Single and Divorced Families is a not-for-profit organization dedicated to educating, supporting, and empowering single and divorced parents. With a broad array of products and services, NASDF ensures financial and emotional stability for families facing the challenges of parenting alone. By focusing on the specific needs of these families, NASDF aims to create a solid foundation for a successful and stable future, bringing help and hope to single and divorced families across the nation.

To learn more about NASDF, visit www.nasdf.org.