Gen Xers Short on Life Insurance

[houcoogster]

Actually......only the latest Sallie Mae loans are forgiven at death (2010) all else can be passed down. There was legislation but was voted down.

Here again we have more misinformation. Please be more careful about posting this.

Forgiveness, Cancellation, and Discharge | Federal Student Aid

 

[VolAgent]

Here again we have more misinformation. Please be more careful about posting this.

Forgiveness, Cancellation, and Discharge | Federal Student Aid

The problem is not government backed student loans, it is with private student loans.

 

[bigjake]

With only a few exceptions, student loans are forgiven at death.

So are most all debts...but don't TELL EVERYBODY! Some of us like our jobs.

 

[VolAgent]

So are most all debts...but don't TELL EVERYBODY! Some of us like our jobs.

ONLY after the estate is liquidated to settle the debts. You don't need life insurance to pay your debts at death, as long as there is nothing you wish to leave to others.