01 Apr Co-signing Student Loans

So I’m at a networking event meeting old friends, and summoning up the courage to meet new ones? I met some interesting people with interesting jobs. More about that in another post.
I always, always, always tell parents that co-signed student loans for their children to get life insurance on their children. If their child should die, they are responsible for the loan. They will have to pay it back immediately, or make monthly payments reminding them each month of their loss. Makes sense, huh? In fact I have one of my Aflac clients that will be taking out an insurance policy for her daughter’s entire college time. As an example, a 30 year level term $250,000 policy will cost ABOUT $25.00 per month.
At the event I met some Millennials. A couple of them had their parents co-sign their college loans. Now I have a challenge to those Millennials, the above policy can be purchased for ABOUT $29.00. Why not get a life insurance policy and protect your parents? Don’t they deserve that from you?