QuickQuote Insurance Forums

QuickQuote Insurance Forums › Life Insurance › General Discussion
(Moderator: QQ_Moderator)

Pages: 1

College (Read 348 times)

piggleyt Forum Newbies QuickQuote Forum User Posts: 41	College 02/04/08 at 10:58:10 Hello. A couple days ago, my mother approached me regarding taking out a life insurance policy on me. I don't know why she would need to do that. Is she planning on hitting me with her car and collecting the death benefit? She said it was because of college, but I don't understand.
Back to top	IP Logged

Roxy Girl

Ex Member

Re: College
Reply #1 - 02/04/08 at 11:04:40

I can understand where your mother is coming from. It is common when parents are cosigners for their kid's college loans. If anything were to happen to you, then they would have to pay off your loans for you. If she's willing to pay the life insurance premiums, then you shouldn't fret about it. She'll probably only make the face amount for how much you owe on your loans plus interest. Your mom isn't trying to upset you. She's just trying to ensure that her assets are covered.

IP Logged

RPatel98 Forum Newbies QuickQuote Forum User Posts: 9	Re: College Reply #2 - 02/05/08 at 14:19:36 This is very responsible of your parents. Not only will it protect the school loans, but it will also start you on a path of financial security. You will become used to being responsible with finances when you have a life insurance policy.
Back to top	IP Logged

norcalgal Junior Member QuickQuote Forum User Posts: 79 Gender:	Re: College Reply #3 - 02/20/08 at 16:00:12 I took a policy out for my son. I am the cosigner on his student loans, car and his credit cards... Your mom is making a wise decision.
Back to top	IP Logged

Pages: 1

QuickQuote Insurance Forums › Life Insurance › General Discussion
(Moderator: QQ_Moderator)

‹ Previous topic | Next topic ›