Why Would A College Student Purchase Life Insurance? 
A college student would most likely purchase life insurance to pay off education loans in case of death , to prevent that burden from falling on the shoulders of someone else . Also , a college student might want to lock in a good rate while young and healthy , or start planning for a future of raising a family . The life insurance company will look at projected income for the occupation for which the student is being educated , and the amount of time left until the degree will be completed , to help in determining how much life insurance a college student can get . 