Most people don’t connect life insurance and student debt together, especially when you consider that most people straight out of college are more concerned with getting a job than setting up a life insurance policy. But you may be surprised to hear who would be on the hook to pay your debt if something were to happen to you. If you live in NE Arkansas, consider the following information, courtesy of GTW Insurance.
It’s On the Spouse or Co-Signor
From funeral arrangements to utilities to student loan debt, it’s typically your spouse’s responsibility to cover all of the costs. And these costs can end up being higher than anyone could have ever imagined. If your spouse can’t pay for it, they’ll have little recourse to help. All of your possessions will be used to pay off collectors, no matter who you tried to give them to in your will. If you’re not married, the responsibility of your student loan will fall on the co-signor of the loan. To safeguard the people who trusted you to be there for them, life insurance can be used to ensure that everyone can stay on their feet.
Calling GTW Insurance
While the odds a young student will need life insurance are low, it never hurts to be prepared. And the good news is that the students of NE Arkansas may be surprised to hear just affordable life insurance can be! For more information, call GTW Insurance to find out how life insurance keeps the people that you love the most out of financial hot water during the worst of times. We’re here to make it easier for everyone to get what they need so no one ends up being held responsible for a debt they’re unable to pay.