about the loan

[cwlz]

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i feel concerned about this.
if i die when i am in debt, will my spouse or co-signer pay for me, or will the debt be cancelled?
Thanks!

 

[La fea]

i feel concerned about this.
if i die when i am in debt, will my spouse or co-signer pay for me, or will the debt be cancelled?
Thanks!

I am sorry. I know you are dead serious about this!

Yeah you are right. As far as I know, your co signer assumes the responsibility for the loan.

 

[Kal ka dentist]

i feel concerned about this.
if i die when i am in debt, will my spouse or co-signer pay for me, or will the debt be cancelled?
Thanks!

If you have to take a revenge from any of them then do not take a life insurance

Otherwise, better you take life insurance policy my dear friend before you join the program.

In $ 30 per month you can buy life insurance policy for about 200,000 K coverage ( depending upon factors )

Make sure you take a Term Policy ( life term etc. ), Which you can cancel anytime to get a better one; moreover it would be cheaper and better in short run.
Underwriter/ An agent might ask you and will try to convince you to buy other...

Thanks for that though provoking question.
Buy just Term ploicy for 10 years, 15 years or life.

You can always change it as soon as you worth more and start earning.

Having said that , most of the banks always add the insurance policy when you get the loan. However that type of insurance is bit costly.



Thanks for that thought provoking question.

Best wishes for your program