Author: Jody Horetski
Life Insurance Sales Consultant

It’s that time of year again, when students are graduating and moving on to the next chapter of their lives.  Students may be going straight into the workforce or considering college, which can cost a great deal and lead to student loans.  This usually involves families having to dip into their savings to cover the debt.  If the student happens to be married with dependents, taking out loans could possibly become a liability that will impact the spouse and children.  If the student is single, often loans require a co-signer.  In both cases, a life insurance policy would provide valuable financial protection for those left behind.

Now is good time for agents to contact their clients with college-aged students to discuss life insurance options.  Securing life insurance for graduates who are young and healthy is ideal because premiums are less expensive.

One option is Cincinnati’s “Return Of Premium (ROP)” term product, which is a nice “middle-ground” between regular term and permanent coverage.  This policy gives them the choice of either:

1.           Receiving all their premiums back tax-free at the end of the guarantee period

2.           Receiving a paid-up permanent policy

3.           Taking the return of premium and converting the term to a permanent policy

At the end of the day, the most important aspect of our job is helping our clients plan for the unexpected, so that they can live life to its fullest, without worry.