Support Insured
The National Association for Single and Divorced Families (NASDF) is proud to announce the launch of Support Insured, the first insurance product of its kind designed specifically to safeguard child support and alimony payments in the event of involuntary job loss, short-term disability, or death.
Created in partnership with a leading insurance provider and available exclusively to NASDF members, this groundbreaking policy fills a critical gap in providing financial security for single and divorced families, ensuring that essential support for children continues, even when life takes an unexpected turn. Child support is typically covered with life insurance but with limitations to covered events and has not included alimony insurance. NASDF’s Support Insured is the only insurance that provides child support insurance and alimony insurance under one policy.
Why is this so important?
The two most influential reasons why someone stops paying their court mandated child support or alimony payments is due to unemployment or disability. However, the only insurance offered when you get a divorce is some form of life insurance. Well, that only works if the payor dies, which is why we wanted to bridge the gap between death, disability and involuntary unemployment with Support Insured.
Why Payees Choose Support Insured
· If the payor dies – you still get paid for up to one year
· If the payor becomes disabled – You’re covered
· Payor get laid off – payments continue
· Need a lawyer to enforce this – Support Insured will reimburse you up to $1,000 for legal fees.
Support Insured is designed for anyone who receives child support and/or alimony payments, whether you’re divorced or have a co-parenting agreement but never married. The best part, if the payor doesn’t want to pay for the insurance, the person receiving the maintenance payments can purchase it on their behalf.
Plus, you also get a discounted one year’s membership to the National Association for Single and Divorced Family’s. NASDF offers an umbrella of products, services, support, and resources that you need regardless of whether your divorced or just have a single-family household.
Support Insured guarantees the court-mandated payments will continue, even when life takes an unexpected turn for the payor.