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Sharing is Caring

  • Oppenheimer Life Agency, Ltd.
  • June 21, 2022
Sailing Towards New Horizons

As you watch your children grow up, you will think about their future and how you can provide them with the best opportunities life has to offer. If you have a child with special needs, you may have additional concerns about how their life will continue if something were to happen to you and you were unable to care for them.

  • Will they live in a specialized care facility, or can they live on their own?
  • Will they need a home-care nurse?
  • Can they earn their own income or are they reliant on your support?
  • Do they require specialized equipment or medications that are not covered by their health insurance?
  • What costs will they accrue on a daily basis? Will these costs increase over time?

Have you Considered an Annuity?

An annuity can be a valuable resource in providing supplemental income to help ensure they receive the care they need, no matter what the future holds.

special needs

Sharing is Caring - Providing for a Loved One

Tina, 67, has a daughter, Kayla who is 23 years old. She was born with Down syndrome and Tina has always taken care of her and tried to give her the best life she could. Now that Tina is nearing retirement, she is beginning to think about who will look after Kayla if she is no longer able to, and will she have the funds necessary to sustain the lifestyle that Tina has built for her. Tina decides to meet with her Financial Professional regarding her concerns, who suggests purchasing an annuity. The annuity will be set up to payout an income stream that will help provide the necessary funds for Kayla, giving her the ability to receive the care she needs throughout her lifetime. The annuity will not only provide financial support, but give Tina the confidence that Kayla will have the care she always envisioned for her.

Quotation from Aenean Pretium

Discovering the uncharted path that annuities can take us on



You should be mindful of the withdrawal charge period, also known as the surrender charge, associated with annuities; these charges typically work their way down to 0% over the course of 6-8 years. It’s also important to note your loved one should at least be 59 ½ by the time they need to withdraw the funds to avoid any early withdrawal penalties.

© 2022 Oppenheimer & Co. Inc. Transacts Business on All Principal Exchanges and Member SIPC. All Rights Reserved. The information contained herein is general in nature, has been obtained from various sources believed to be reliable and is subject to changes in the Internal Revenue Code, as well as other areas of law. Neither Oppenheimer & Co. Inc. (“Oppenheimer”) nor any of its employees or affiliates provides legal or tax advice. Please contact your legal or tax advisor for specific advice regarding your circumstances. No part of this brochure may be reproduced in any manner without the written permission of Oppenheimer & Co. Inc. 4777900.1