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Tuition Protection Insurance provides funds to cover a student’s payment plan balance in the unfortunate event of the primary bill payer’s death. Unlike other policies in this category, our coverage does not exclude pre-existing conditions. Over fifty percent of the families who have received payout from this coverage had pre-existing conditions.
This is an optional service available to your school, administered by Tuition Management Systems and New York Life Insurance Company.
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Benefits to your school include:
• Protects the current outstanding
balance of the payment plan budget,
ensuring receivables
• Designates your school as the
primary beneficiary
• Covers all eligible payment plan accounts automatically, if your school chooses the insurance option
• Provides assistance to students in a time of family hardship
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