Optional Life Insurance is Available to Protect Your Florida Prepaid College Plan Investment
Student Insurance Services offers optional life insurance to Florida Prepaid College Plan customers. This life insurance is a dedicated-purpose life insurance policy that was designed just for Florida Prepaid and will pay off the outstanding balance on any covered Prepaid Plan in the event of your death. Student Insurance Services has made this optional life coverage available exclusively to Prepaid Plan participants for more than 20 years. Features include:
- Coverage amounts that coordinate directly with the outstanding payments due on the Prepaid Plan so you are never buying more insurance than you need.
- Joint coverage available for purchasers and co-purchasers – the Prepaid Plan contract is paid off upon the death of either person.
- $5,000 of coverage on the student beneficiary automatically included – with up to $50,000 more available for an additional premium.
When you enroll in a new Prepaid Plan and select a payment option that requires monthly payments, you will be automatically given an opportunity to add optional life insurance coverage after you’ve completed your Prepaid Plan enrollment. If you have already purchased a Prepaid Plan and would like to add the optional life insurance coverage, you may do so by visiting Student Insurance Services website at: prepaidcollegeinsurance.com.
