Should Parents Take Out Life Insurance To Protect Them From Student Loan Payments?

college gradNo parent wants to think about losing his or her child; however, it does happen.  When the child is in college and in debt hundreds of thousands of dollars to student loan companies, a parent that co-signed the loans may find themselves in financial trouble in addition to the emotional devastation of losing a child. Purchasing term life insurance may be one way to protect parents from a financial disaster since student loans are not normally dischargeable in bankruptcy.

For the full story read, “Big student loans? Consider life insurance.”

Image credit:  Nazareth College