What? Life insurance that can pay for college. It may be a choice for some with endowment life insurance.
Some families turn to endowment life insurance policies when adding security to their college savings portfolios. An endowment life insurance policy works two ways: It will work similar to a traditional life insurance policy where it will pay the face value to your beneficiary in the event of your death and it will also pay the face value of the policy if you outlive a set contract period. Check out the link above to learn more about endowment life insurance.
That must be a sound idea in my point of view – endowment life insurance. Guess it may save you more than traditional life insurance together with a student loan. Thanks for your link.