Adoption is an emotional and financial investment. As a family considering adoption, you deserve the chance to protect both, and adoption disruption insurance is crucial when it comes to your financial investment.
Unfortunately, 10-25% of adoptions don’t work out. Families face the reality of adoption disruptions, and it’s never easy. Adoption is expensive, but adoptive families like yours make the investment because there’s nothing more life-changing than becoming a parent.
Here, we’ll talk about adoption disruption insurance, what it is and why it’s important. We’ll also point out which professionals offer it and the professionals you should avoid because they don’t protect your financial investment.
You can also speak to an adoption professional today by clicking here to complete our free form. We’ll connect you with a specialist who can answer your adoption finance questions to help you better prepare for what’s ahead.
What is Adoption Disruption Insurance?
An adoption disruption presents emotional challenges for families. It’s a situation everyone involved hopes to avoid, but it happens. Adoption insurance is the safety net provided by the best adoption agencies to ensure families don’t lose money they’ve already invested in their journey.
While becoming a parent and having a successful adoption experience is the focal point in any adoption, talking about your financial commitment is important. Recognizing the existence of disruptions can better prepare families to handle those situations and what it means for their finances moving forward.
Remember, you can always reach out to an adoption professional online to continue the conversation about adoption disruption insurance by clicking here.
What Happens If You Don’t Have Adoption Disruption Insurance?
Typically, you’ll encounter two scenarios:
- Your adoption professional doesn’t offer insurance, and your money isn’t protected.
- Your agency provides a form of adoption insurance and rolls over your investment to pursue a new opportunity in the event of a disruption.
But, there is a third (and more ideal) scenario:
- Your adoption agency provides true financial protection so that a disruption doesn’t drain your adoption budget.
Research has found that there may be only one major adoption agency that provides this type of complete financial protection (more on that below).
Let’s break this down a little further.
Scenario 1: Your Adoption Professional Doesn’t Offer Financial Protection
When an adoption disruption happens, it’s heartbreaking. But it doesn’t mean your adoption journey has to be over.
Unfortunately, many professionals present families with a best-case scenario of the lowest wait times, the most birth mothers available and the lowest costs.
What adoptive families don’t see is that when an adoption disruption happens, many (if not all) fees paid up to that point must be re-payed to continue pursuing parenthood through adoption.
In fact, a common adoption scam involves unlicensed professionals obtaining a commitment and initial investment from a family without explaining what really happens in an adoption disruption.
When it happens, a family is told they must repay those fees to continue on to a new opportunity because their initial investment isn’t protected.
In addition, many professionals ask families to sign expiring contracts without giving proper warning of what happens when a match doesn’t occur before the expiration date. That means when the contract expires, an adoptive family will be forced to repay the initial fees on a new contract.
We encourage you to click here and complete our free online form to learn more about avoiding adoption scams that could put the future of your family in jeopardy.
Scenario 2: “Roll Over” Adoption Disruption Insurance
Your adoption journey is about you, the birth mother you match with and how you build a strong relationship toward a common goal.
In the end, your dreams of growing your family through adoption become a reality, and you get to bring the newest member of your family home. It’s a beautiful moment for any adoptive family.
Along the way, you may encounter some challenges, including an adoption disruption. Some agencies may offer “rollover” adoption insurance if a disruption occurs.
What that means for your family is the money you’ve invested will automatically roll over to your next adoption opportunity. This type of adoption disruption insurance can save you from repaying your initial fees again. However, it’s not a refund. The rollover amount remains invested in your adoption opportunities.
In some cases, when a disruption happens, adoptive families may want to take a break and think about the next step. A rollover insurance plan won’t allow you to get that money back.
So, while adoption insurance that rolls over does provide you with some protection against losing your investment, it doesn’t give you full control over that money when a disruption happens.
Scenario 3: Your Finances Are Truly Protected, and You Can Continue Your Adoption
An example of an adoption agency you can trust with your financial and emotional investment is American Adoptions, which is the only agency that offers a true financial protection and risk-sharing program that keeps you moving forward on your path to parenthood, even if a disruption occurs.
Your money is protected and returned in full, and you won’t be forced to pay additional fees when an adoption opportunity doesn’t work out. It also means a disruption won’t derail your dreams of becoming a parent.
American Adoptions’ public data backs up the legitimacy of their financial protection. According to the agency, they have saved families more than $4.6 million since 2009.
Plus, having that level of financial security gives you confidence knowing the rest of your adoption journey is handled by honest, transparent, trustworthy professionals.
The most important thing to remember is your adoption journey should be about you, your birth mother and ultimately, your child. You deserve the opportunity to cherish the ride, have the best experience possible and not worry about the safety of your financial investment.
How Do I Choose the Right Professional?
Everything you’ve read points out some of the distinct advantages of working with the right adoption professional.
As mentioned, many consultants, facilitators and other professionals may sound great on paper. Still, they are less concerned with your experience and are often unable to help you complete every necessary step of the adoption process.
Furthermore, you’re at risk of facing unexpected fees because these individuals lack the honesty and transparency you deserve, leaving you unprepared for what’s ahead.
Instead, licensed and regulated adoption agencies provide:
- 24/7 support
- Case management experience
- Licensed social workers
- Transparency in adoption costs
- Clear fee structure
- Adoption disruptions insurance
- And more
Click here to contact us online to learn more about adoption insurance and why it’s an important benefit to families like you who pursue adoption.