Consider Life Insurance for your College Student
A lot goes into planning for college. Part of that planning should include considering a life insurance policy for your college student.
There are several reasons why this is a great time to purchase a policy for your child.
Student Loans/Debt: You may be co-signing on loans for education. Loans most likely still need to be paid off in the event of death. A life insurance policy can protect you from the added heartbreak of an untimely death by paying off student loans.
Health: A college aged student probably has little to no health related issues. This allows for optimal pricing and placement in a life insurance policy that they may not qualify for at an older age.
Funeral Expenses: In the event of the unthinkable, a life insurance policy can help pay for burial and final expenses.
You have a lot to be proud of as your child enters the next chapter of their life. Consider this extra layer of protection for your student and your family as part of your planning process.