Grads and Debt? How Life Insurance Can Be a Solve


We are coming upon that “time of year” when we start to receive those graduation party invitations for a sibling, cousin, niece, nephew, neighbor’s child, etc. The list goes on and on. It can also be that “time of year” when we know we will be the ones hosting that graduation party!! Either way, it’s a time of celebration and congratulations to those who have achieved an academic milestone. It can also be a time of reckoning, when we acknowledge how much debt stands behind this miracle and for some of us; it truly is a miracle (they actually made it through all 4 years!). While the party planning or the party attending can be stressful, something I can’t address in this blog, the debt doesn’t have to be. If you are worried about managing it, especially in light of your child not being here to actually take care of it themselves, I do have a solution. It’s called Life insurance. Read on to learn more.

You can purchase life insurance on your son or daughter. You can use the life insurance proceeds to cover that debt in the event they are not here to do that themselves. In the event they pass away unexpectedly, with you as the co-signer on all their student loans, you will have the means to pay all those student loans back. I know that sounds cold, but without some form of protection against that risk, your financial future could be in jeopardy too.

There is even better news though, since they are young and in hopefully good health, the cost of that life insurance purchase shouldn’t be outrageous. Getting them to agree and understand your logic is a whole different matter. That’s where the PivotCare team comes in. We are licensed insurance professionals who have dealt with a multitude of reasons why the purchase of life insurance protection is essential and this is definitely one of them. We can help you sort out the debt, the risk and even help out on the convincing front. Our team makes the process simple and easy. We are there with you every step of the way. What do I mean by that? We will help you evaluate the need, choose the right insurance carrier, take the application over the phone and manage it while it is being underwritten and let you know, personally, the final outcome. We are your trusted advisor, every step of the way.

About the author:  Michele Cleary has been in the business for over 35 years and holds a CLTC designation. She believes that life insurance can give you and your family peace of mind, especially when you have other things to worry about. Michele now has 4 grown children and knows that proper planning is essential. You can reach her at 1-800-651-1953 or