A college education can be one of the biggest investments a student will make in their future. For older students, a college education is an investment in the future wellbeing of their families as well. To help provide members with financial security and peace of mind, Aetna (NYSE: AET) Student Health announced today that they are now offering Group Term Life Insurance* to students at participating schools.
“Although students may not be thinking about life insurance, it’s important for them to understand the coverage it can provide their family in the event of the unexpected,” says Chekesha Kidd, head of Aetna Student Health. “We have a significant number of members who are graduate students with their own families, and Aetna Student Health Group Term Life Insurance coverage can help protect the long-term financial security of the people who matter most to our members.”
Aetna Student Health Group Term Life Insurance coverage runs through the whole year, including the summer. If a student leaves school or loses eligibility, he or she can continue or convert the coverage by paying Aetna directly.
For schools that offer the Group Term Life Insurance benefit, the plan is available to any student who is eligible for Aetna Student Health medical coverage, regardless of whether they enroll in a medical plan. Enrollment dates will coincide with the school’s medical open enrollment period. The plan may offer coverage to part-time students, if the school has elected to offer part-time students at that school Aetna Student Health medical coverage.“We speak directly with our student members, and we consistently hear from college students of all ages that financial planning is a priority for themselves and their families,” Kidd said. “The Aetna Student Health Group Term Life Insurance plan is a direct response to student feedback and demonstrates that a relatively small investment can go a long way in helping to prevent unexpected events from threatening the financial security of our members’ families.”
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