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050323 If You Have Co-Signed Loans You Need Life Insurance!

Friend…

If You Have Co-Signed Loans You Need Life Insurance!

 

Mary and Steve have a 24-year-old daughter named Amy who took

Out $150,000 in private student loans to fund her law school degree.

 

Her parents co-signed the loans, wanting to give Amy a shot at her

Dream career.

 

Amy graduated from law school, joined a great law firm,

Had a baby and started paying off her student loans.

 

When she died at the age of 34 from breast cancer her parents

Suddenly became responsible for about $120,000

(The balance on her loans) and their 2-year-old granddaughter.

 

Because they co-signed the loans, Mary and Steve were responsible

For repaying the loan balance.

 

In some cases, the loan documents may include an acceleration

clause that will bring the entire balance due at death.

 

Mary and Steve could not afford to pay off the loan and had to sell

Their own home to settle their daughter’s debt.

 

While no parent ever wants to take out a life insurance policy on their

Own child, if you have co-signed their loans, and paying off the balance

Of those loans would be financially devastating; a life insurance policy

Can protect you from financial ruin.

 

A 30-year term life insurance policy on a 25-year-old woman

(Amy’s age when she graduated from law school) would be very

Affordable and would have saved the day for Mary, 

Steve and their granddaughter. 

 

(Excerpted from 6 Stories That Highlight Why Life Insurance Is Important

Jessica Huneck)

 

Here is what I could do for Amy’s Parents…

 

Benefit: $150,000

Age: 25 yr. old Female

Term: 30 Years

Rate: Standard Non-Tobacco

Premium: $21.01 per month bank-draft

 

If I could be a blessing to you

Contact Me Today!

 

Hayden Childs, Agent

(205) 269-1382

shcmail34@yahoo.com

www.haydenchilds.net

 

“The Grief Is Bad Enough,

Don’t Leave The Burden

To Your Family!”

 

 

 


 

 

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