How many folks have their kids take out life insurance after college?
I am thinking of the exposure the parents have if they had to co-sign student loans. If something happens to the son/daughter then the parents could get hit with a sizable debt which could derail their retirement plans.
Also, if the adult child has their own LI policy, does the entire proceeds go to the beneficiaries ... or does their loan debt get automatically paid off first ??
I am thinking of the exposure the parents have if they had to co-sign student loans. If something happens to the son/daughter then the parents could get hit with a sizable debt which could derail their retirement plans.
Also, if the adult child has their own LI policy, does the entire proceeds go to the beneficiaries ... or does their loan debt get automatically paid off first ??