A recent survey of financial advisors conducted by an independent firm and commissioned by Allianz reports that nearly eight in 10 (78 percent) financial advisors say they would
recommend tuition insurance for students taking out loans while more than seven in 10 (72 percent) say they would recommend it for first - year college students.
A majority of financial advisors surveyed said they'd
recommend tuition insurance to their clients to ease financial anxiety.
A majority of financial advisors surveyed said they'd
recommend tuition insurance to their clients to ease financial anxiety.
Not exact matches
And considering that the average private college
tuition is $ 47,000 per year, Pinder - Amaker
recommends investing in
tuition insurance.
To ensure
tuition dollars and loans are protected, no matter their source, a survey of financial advisors found that most
recommend families consider
tuition insurance as a safeguard.
In this situation, most life
insurance agents would probably
recommend buying a 20 - year, $ 500,000 policy ($ 250,000 to secure the mortgage and $ 125,000 for each daughter's
tuition).