Your child goes to college
Congratulations! Your child is about to start college! What an exciting time for both of you! But also a moment of great responsibility. A child at college, along with buying a home, are probably the biggest financial commitments you’ll ever make. And now that you’ve achieved this milestone, the last thing you want is to place your child’s studies at risk should something unfortunate happen.
Life insurance
Sending a child off to college is a magical moment, and often the reward of many years of saving and financial sacrifice. Now that you have come this far, you will want to assure that your child’s studies will not be in danger if you pass away suddenly. If you are no longer there, will your child be able to finish college? Unfortunately, in families that have no life insurance, we see all too often that a child is forced to leave college. Life insurance provides a benefit to cover your child’s studies, and additional benefits to cover funeral expenses, a mortgage debt, and other outstanding loans.
Healthcare insurance
Two things are important: your health, and the health of your child. If you get ill, you want to be sure your healthcare insurance will pay for your medical expenses. The last thing you want is for your child’s study allowance be at risk! You also want to make sure your child is insured during his or her years at college. Some training institutions will require students to take out healthcare insurance.
Ask ENNIA or your independent adviser for personalized service.