If you have student loan debt, you may want to get yourself a cheap life insurance policy - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

It may be morbid to think about, but your cosigner would be on the hook for your loans if you died unexpectedly

with your child or another loved one, you are accepting equal responsibility to pay off that loan. While most people go into a cosigner relationship with the best of intentions, things don't always go as planned.

Because of the major liabilities involved, few people are willing to cosign student loans outside of a parent or a spouse. This type of connection is usually lifelong and already intertwines your finances. But what happens if the student dies? . Because the monthly cost of term life insurance is locked in when the policy starts, a young person could save a lot by getting life insurance during college. While a family and kids may seem a long way off, getting long-term, high-value life insurance early is often a wise decision., but getting a policy for your child in college could be a great gift for them and a prudent protection for your finances.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This is thoroughly explained in the master promissory notes.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Money management advice, millennial debt and savings tips: Erin Lowry - Business Insider'You control money or money controls you': A personal finance expert who caters to millennials shares her top tips for paying down debt and stashing more cash visa cards and visa'd passports do not make the woman responsable tbf
Source: BusinessInsider - 🏆 729. / 51 Read more »

TD Bank tops US customer satisfaction ranking - Business Insider - Business InsiderTD Bank likely stood out due to the service quality of its branches and its strong checking account offerings and digital banking services: Yeah, they beat me too---They need to correct it---Because they stole funds out the account and closed it--
Source: BusinessInsider - 🏆 729. / 51 Read more »

Johnson's government not match-fit for Brexit trade talks, says ex-May adviser - Business InsiderRaoul Ruparel said Boris Johnson's government could possibly secure a 'narrow and shallow' trade deal by the end of 2020.
Source: BusinessInsider - 🏆 729. / 51 Read more »