Do university students need life insurance?

I posted the view of an author of an insurance book. He said that insurance agents market the wrong products to university students, using high pressure tactics. This gave a bad impression to the graduates about the life insurance industry.

There is a debate in my blog whether university students need life insurance. Some argued that the students need life insurance to cover their study loans and the amount invested by their parents in their education.

I agree with this view. The correct product is a term insurance product.

There is no need for the student to take an expensive life insurance policy (ie whole life policy) when they are still studying. They can buy the plan later, when they start to earn a regular income.

Actually, a more appropriate policy is a flexible investment linked plan, combined with a decreasing term assurance.