Massive pupil loans? Contemplate life insurance coverage
In case you're co-signing massive pupil loans on your little one, you could wish to purchase a life insurance coverage coverage whilst you're at it. Whereas nobody desires to think about the loss of life of their little one, taking out insurance coverage in your son or daughter -- or asking them to buy their very own plan -- will shield you from being hit with mountains of debt ought to tragedy strike. And the insurance policies are fairly low-cost. A primary plan with as much as $250,000 in protection can value as little as $15 a month for a younger, wholesome faculty pupil or latest graduate. That is an entire lot lower than the mortgage funds you would be caught with -- which common greater than $200 a month. Associated: Dad and mom hit with $200,000 pupil mortgag...