(PRWEB) January 03, 2014
In recent years, college tuition costs have become very expensive. Many college students take loans to pay for their education and end up with a lot of debt on their hands. Other family members can chip in an help paying for the children’s college education. Grandparents can help cover college tuition costs by purchasing a life insurance policy.
Life insurance is available for people older than 60 years. In fact, seniors can get life coverage up to the age of 65 years, and some plans like last expense insurance can be bought by seniors up to the age of 90 years. It is a common misconception to think that seniors cannot be eligible for life insurance. In fact, agencies have lowered their standards and even seniors with medical issues can qualify for a plan.
Life insurance pays a death benefit to the policy’s designated beneficiaries after the policyholder has passed away. The benefit can be used to cover the college tuition costs of a close family member, like a grandchild. Seniors can open a trust fund and have the insurance money directed there so that they can make sure the money is used for paying college costs.
“Grandparents who care about their grandchildren's college education can offer important financial support by purchasing a simple life insurance plan!” said Russell Rabichev, Marketing Director of Internet Marketing Company.
Lifeinsuranceover65.com is an online provider of life, home, health, and auto insurance quotes. It is unique in that this website does not simply stick to one kind of insurance carrier, but brings the clients the best deals from many different online insurance carriers. This way, clients have offers from multiple carriers all in one place, this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
For more information, please visit http://lifeinsuranceover65.com.