This is just a general issue I was thinking about. I have private student loans and I know that if I die then they take all the money I have to cover it... how would that work if I had Life Insurance with another beneficiary? The reason I ask if that having just graduated, I'm not really looking for life insurance right now, but we get a 9-month free policy from our alumni association. I would put my sister down as my beneficiary, but I don't see much point if it's just going to go to the loan people anyway, should something happen to me.
Of course ideally I would not have to deal with the 'dying' issue anyway lol!
Thanks!



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