Many people make the assumption that life insurance is for married couples and those with children. The truth is that every need life insurance, there are a number of reasons when you do (really) makes sense.
It's a long student loan. Many people assume that the debt dies with you, but this is not always the case. While loans from the federal government to discharge (aka forgiven) if he dies, personal loans have a cosigner usually does.
This means that if your parents, for example, co-signed his student loan from a bank, which will be responsible for paying the remainder of the loan if something happened. There are cases where the bank asked the loan is repaid in full immediately after death. You do not want to leave their parents treat pain and payments ready.
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