A normal parent would wish better future for his kid; better education, better friends, better living.
I would wish the same thing for my kid that is why when preneed insurance went wrong in the Philippines where a number of educational plan holders were denied of the educational privileges due them.
Somehow, we were affected by it since we took an educational insurance for my kid too. It is only relieving that the company has merged with a stronger one to save it up.
And, so with the fear for insurance, other companies may require more effective insurance advertising to boost.
Families do use insurance like educational plans to lighten their paying obligations. We can only be more selective for better and stable insurance companies who can really continuously give what they did promise in the first place. Otherwise, families simply suffer together with the student.