Revolutionizing Child Support by Reforming the Child Support System
Revolutionizing Child Support by Reforming the Child Support System
In a society where child support payments are calculated at 17% of one's income for a single child, even a brief absence from the workforce can lead to accumulating tens of thousands of dollars in arrears.
Startling statistics from the U.S. Office of Child Support reveal that out of the 15.8 million child support cases in the country, a staggering 11.3 million are in arrears. This means that nearly 75% of all child support cases are falling behind on their payments, resulting in a total arrearage exceeding $114 billion. Unfortunately, due to outdated laws and a lack of reform, delinquent payers often find themselves incarcerated and unable to meet their financial obligations.
Each day, over 50,000 individuals are imprisoned solely due to their child support arrears. Many of these cases involve individuals who diligently paid their support for years, only to fall behind following a job loss, eventually facing contempt charges and jail time.
Progeny Life is an insurance and investment company dedicated to revolutionizing child support by reforming the child support system. We provide a solution to the challenges faced by child support payers through our innovative insurance coverage. Our comprehensive approach includes insuring court-ordered child support payments, offering legal assistance through our extensive network of attorneys across the nation, and by helping the member obtain job training and employment resources through our non-profit organizations partnerships. By availing our services, child support payers can prevent themselves from being held in contempt of court and ensure continued support for their children.
Progeny Life offers the crucial coverage needed to safeguard child support payments. In the unfortunate event of job loss, our insurance policy steps in to provide essential payments directly to Child Support Enforcement. This preventive measure helps individuals avoid jail time and buys them the necessary time to secure employment, enabling them to get back on track with their support payments.
We understand the challenges faced by child support payers and the importance of maintaining a stable and supportive environment for their children. Progeny Life is committed to providing the financial protection and legal support necessary to ensure the well-being of both parents and children alike.
With Progeny Life by your side, you can rest assured that unforeseen circumstances will not hinder your ability to fulfill your financial obligations. Together, let's create a future where child support payments are met without resorting to incarceration, fostering a better environment for families and promoting a more equitable society.
Progeny Life stands as a steadfast guardian, offering comprehensive protection, assurance, and monitoring for its valued members and their child support payments. We understand that life's challenges can sometimes hinder the ability to fulfill financial obligations, which is why we are committed to providing unparalleled support and peace of mind.
As a member of Progeny Life, you can rest easy knowing that even during unforeseen circumstances, such as job loss or financial hardships, your child support payments will remain safeguarded. Our unique coverage includes a guaranteed payment of up to twice per year when you experience a lapse in your child support payment, ensuring that your child's needs are always met.
In addition to financial security, we go above and beyond to assist in lowering your arrears. Through our innovative investment program that could provide increased returns on payouts, allowing you to gradually reduce your outstanding balance. We believe in empowering our members to regain control of their financial responsibilities and create a brighter future for their children.
But our commitment doesn't end there. Progeny Life understands the importance of education and the opportunities it provides. That's why we offer a 529 savings plan, ensuring that your children have a secure financial foundation for their advanced education and the necessary resources for a fulfilling life once they turn 18.
Furthermore, our partnership with several non-profit organizations helps the member with job training, employment seeking opportunities, family resources, and educational support.
Becoming a member of Progeny Life is not just about protecting your child support payments; it's about securing a brighter future for you and your children. With our unmatched coverage, rollover benefits, investment program, and commitment to education, Progeny Life stands as your steadfast partner in ensuring the well-being and financial stability of your family.
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