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Can Life Insurance Help Pay Off Student Loans

Life insurance can assist in paying off student loans by providing a financial safety net. In the event of the policyholder's death, the insurance payout can be used by beneficiaries to settle outstanding student debt.

can life insurance be used to pay off student loans

Life insurance can be used to pay off student loans if the policyholder designates a beneficiary who can use the death benefit for that purpose. It's a way to ensure that debt doesn't burden family members after one's passing.

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