What Happens to Your Student Loan Debt When You Die?

Two weeks ago, The Atlantic published a story about what happens to unpaid student debt in the event of an untimely death.

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More than likely the parents would fit the bill because young people and Millennials are apt to have freelance and contractor positions more than any other generation.

However, one way for students to prevent their families from carrying their financial burden is to explore life insurance policies that would help defray loan expenses.

Not only is this something for students to consider, but getting life insurance may be helpful to anyone who has debt and worries how it might affect their families.

Here are a few agencies that offer life insurance in Casey, IL:

  1. Staley Insurance Agency
    This insurance agency located on Central Avenue offers individual life insurance in addition to other options. You can also get a free quote online.
  2. R.W. Brown & Associates
    Since 1974, R.W. Brown & Associates has been helping families and individuals with managing their finances post-death. Their website also includes a free quote option, and brokers and agents are available nights and weekends by appointment.
  3. Snedeker & Associates
    This agency on Alabama Avenue offers life insurance quotes over the phone at (217) 932-5911. And agents have been helping people choose the right insurance for more than 27 years.

Nothing is certain in life, and some things come up that are unexpected. In addition to pre-planning funeral services, families and individuals may want to plan for the event of unexpected death in order to prevent their family from going through both emotional and financial grief.

For information on Markwell Funeral Home’s personalized funeral home services and answers to questions related to developing a funeral plan, read Markwell’s blog, which offers further information. You can also contact Markwell Funeral Home with your questions at (888) 932-2630 or email them at info@markwellfuneralhome.com.