PHOENIX, May 6, 2024
/PRNewswire/ -- GradGuard, the number one provider of college
tuition and renters insurance programs, is pleased to announce that
it has expanded its tuition insurance protection to include the
covered loss of employment of a tuition payer as a covered reason
for withdrawal.
This new benefit is only available on GradGuard's Active Choice
plan, which can be purchased through a partner school.
Tuition insurance can already provide reimbursement for a
complete medical withdrawal due to a covered illness or injury, and
death of a student or tuition payer. This new innovation is
designed to cover non-refunded eligible expenses when a student
withdraws due to the tuition payer being terminated or laid off by
a current employer (not including seasonal or temporary positions
or if the termination is due to the tuition payer's fault). This
benefit is not yet available in the state of Washington.
"GradGuard aims to help college students and their families
overcome events that may disrupt their college education. We
understand that the unexpected loss of a tuition payer's job can
have a devastating impact on a student's ability to continue their
education," said John Fees,
co-founder and CEO of GradGuard. "By working with our partners at
Allianz Global Assistance to include this coverage, we're providing
an extra layer of protection for students and families during these
uncertain times."
With this addition, students who are forced to withdraw from
school due to the covered involuntary loss of employment of a
tuition payer can now be reimbursed for their tuition, fees, and
room and board.
"Our mission has always been to help students and families
protect their investment in higher education," said Fees. "Schools
that provide GradGuard to their students help promote greater
confidence in the investment they are making in higher education.
College students and their families are smart to ask their school
for GradGuard's extra level of protection."
GradGuard's Tuition Insurance can provide affordable protection
that includes up to 100% of the cost of college including tuition,
room and board, and academic fees. In addition, each plan also
includes Student Life Assistance, which helps families through the
logistics that may accompany an unexpected student withdrawal.
Terms, conditions, and exclusions apply to all plans. For more
information about GradGuard's Tuition Insurance plans, visit
www.gradguard.com.
Terms, conditions, and exclusions apply, including for
pre-existing conditions. Plans only available to U.S.
residents and may not be available in all jurisdictions. Plans may
not include all benefits or covered reasons described here.
Recommended and provided by Grad Guard, a service of Next
Generation Insurance Group, LLC (NGI), the licensed agent for all
insurance programs. AGA Service Company, dba Allianz Global
Assistance (AGA), compensates GradGuard, their national program
management partner, for the marketing, distribution and
administration of the products. Insurance plans include insurance
benefits and assistance services. Pricing may vary by
state. Insurance benefits are underwritten by Jefferson
Insurance Company (NY, Administrative Office 9950 Mayland Drive,
Richmond, VA 23233) rated "A+"
(Superior) by A.M. Best Co., A+ (Superior) is the 2nd highest
standard of A.M. Best's 13 Financial Strength Ratings.
Non-insurance benefits/services are provided by AGA Service
Company. Claims are administered by Allianz Global Assistance
(AGA). Allianz Global Assistance is a mark of AGA Service
Company or its affiliates. AGA Service Company is an
affiliate of Jefferson Insurance Company. Plans include
insurance benefits and assistance services. Except as
expressly provided for under the plan, consumer is responsible for
charges incurred from outside vendors. Contact AGA Service
Company at 888-427-5045 or 9950 Mayland Dr., Richmond, VA 23233 or
tuition@allianzassistance.com. Schools do not receive compensation
for purchase.
About GradGuard:
GradGuard is the #1 provider of
college renters and tuition insurance. Since 2009, GradGuard has
protected more than 1.5 million students at more than 1,800 unique
institutions. GradGuard's innovative protections are embedded
within the enrollment processes of the largest and most prestigious
universities in the United States,
ensuring their students are protected from the risks of college
life.
Contact:
Natalie Hubertus
Sr. Director, Marketing
602-341-5947
377261@email4pr.com
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SOURCE GradGuard