Have you sold any life insurance on students?
Probably not, or not much. While many students have great potential for long-term income and wealth, they’re not yet within the main life insurance markets of income protection and wealth management. And there’s a lot of uncertainty in how each individual student will do. Could there be new services that help students build their careers and develop skills in consumer economics?
A recent article in The Advisor notes 7 of 10 college students have damaged credit soon after graduation. A key part of the problem is difficulty in paying off student loans. A few years ago, I read an article in The Economist on the daunting problems with student loans. One solution discussed was the securitization of loans where investors had incentives to help these students build their careers and manage their finances.