Life Insurance for College Students

As a college student, you probably assume you need to think about life insurance for many years to come. The only things you worry about right now is conquering biology, making it to class on time, and dodging the next hangover. But there are some pretty good reasons you should consider purchasing life insurance. In Winder, GA, H2M Insurance has independent insurance agents to help you with life insurance while you’re in college.

Student Loan Debt

Student loan debt is rapidly rising. Many students need to take out private loans in order to pay for their tuition, books, and other student expenses. When taking out a private loan, students will most likely need a co-signer. A co-signer is someone who is obligated to take on the debt if the original loaner can no longer make payments. In the case of federal student loans, your debt is canceled upon your death. This is not true when it comes to private loans. The banks will come after the co-signer, which are most likely your parents. Having life insurance can ease the burden of the debt after you’re gone.

The Married Student

Hundreds of college students get married while they are in college and some even have children. If a spouse dies with tons of student loan debt, then the partner will be obligated to pay it back. With a policy such as term life, the surviving spouse can use the insurance to pay for the loans, funeral expenses, other debts, as well as help provide for any children.

Don’t wait. Call now. Get life insurance just by simply getting in touch with the independent agents at H2M Insurance in Winder, GA. We can also help you with any other insurance policies you may need including auto, home, or commercial insurance. Reach out to us for more information.