Earning a college degree from your institution opens the door to a rewarding career for your students, but they do incur significant debt along the way. If tragedy should strike and a student dies, family members and co-signers could still be responsible for paying back student loans. (e.g. Parent PLUS loans)
You can provide reassurance to student families and stand out among universities by offering Student Protection Plus. The Student Protection Plus Insurance for Life plan can cover much of the average student’s college debt.
Regardless of any preexisting health issues, your students will receive portable life insurance, which means students can take the coverage with them when they leave school. This is both valuable and important because after policy owners enter the workforce, life insurance will be essential to protect their families’ financial security. Studies show 97% of college students do not have life insurance.
Insurance for Life benefits:
In the news:
1 Bidwell, Allie. Average Student Loan Debt Approaches $30,000. US News. U.S. News & World Report, 13 Nov. 2014. Web. http://www.usnews.com/news/articles/2014/11/13/average-student-loan-debt-hits-30-000
2 Ellis, Blake. 40 Million Americans Now Have Student Loan Debt. CNN Money. Cable News Network, 10 Sept. 2014. Web. http://money.cnn.com/2014/09/10/pf/college/student-loans/
3 CFPB Finds 90 Percent of Private Student Loan Borrowers Who Applied for Co-Signer Release Were Rejected. Consumer Financial Protection Bureau, 18 June 2015. Web. 2 Ellis, Blake. 40 Million Americans Now Have Student Loan Debt. CNN Money. Cable News Network, 10 Sept. 2014. Web. http://www.consumerfinance.gov/newsroom/cfpb-finds-90-percent-of-private-student-loan-borrowers-who-applied-for-co-signer-release-were-rejected/