The overwhelming amounts that are owed are leading to some unique protection strategies. A life insurance trend has been building over the last short while that has parents taking out policies on their children in order to protect themselves against the overwhelming student debt that they carry. Many parents co-sign on student loans, leaving them at a considerable risk if their children should die prematurely. It is becoming increasingly common for parents to protect themselves from the debts of their children’s educations by purchasing life insurance policies following their graduation…
Read MoreLife insurance being used by parents for their kids’ student debt
