Sallie Mae Launches Insurance Offerings
NEWARK, Del. – Sallie Mae announced a new portfolio of insurance products designed to help families protect their student loans.
The student loan giant is creating Sallie Mae Insurance Services in conjunction with Next Generation Insurance Group, LLC, a licensed specialty insurance agency that said it is the nation’s first comprehensive insurance provider focused on the collegiate and young adult markets.
Sallie Mae Insurance Services will offer directly to America’s 19 million college students tuition insurance, renters insurance and student health insurance to address the life-stage risks they face. In addition, Sallie Mae will provide colleges and universities access to specially designed insurance products, such as the Student Protection Plan, a package of tuition insurance, ID theft protection and other services to meet the needs of a typical college student.
Sallie Mae and Next Generation Insurance Group, which is licensed in all 50 states, will provide insurance and benefit programs to Sallie Mae’s 23 million customers.