Information & Articles
Directory of Tuition Reimbursement Insurance Providers
Whether for cultural/religious reasons or other personal reasons, many families plan to send their children to private schools/colleges. Tuition fees are constantly on the rise and institutions frequently have strict no refund policies, often leaving schools in an awkward situation with parents/guardians who become forced to remove their children early.
Tuition Reimbursement cannot handle all situations, such as students being expelled for behavioral or disciplinary reasons, but can provide reimbursement for tuition expenses lost due to injury, sickness or death of the student as well as death of a parent or financial reverses of the main wage earner in the family.
Directory of Tuition Reimbursement Insurance Providers
L.J. Gosselin & Associates
332 Glebeholme Blvd.
TORONTO ON M4C 1V1
Tel: 416-481-5234
Fax: 416-481-0691
Toll free: 1-800-661-3448
Mobile: (416) 346-9526
louis@ljga.ca |
Head Office in Toronto,
serving all of Canada
except P&C in Manitoba |
All students in a school must participate
Also covers the financial reverses of the main wage earning parent/guardian |
The Tuition Reimbursement Program product provides a partial reimbursement to the parents or guardians of the student of the non-recoverable tuition fees in the event their child is not able to finish the school year due to:
- Medical Absence or Withdrawal; or
- Non Medical Withdrawal due to Death of a parent or Financial Reverses of the main wage earning parent or guardian.
Both as defined in the policy.
This insurance is a mandatory group product, ie all students must participate. The premium for this coverage is just a fraction of the gross non-recoverable tuition fees payable by the parent or guardian. The price makes it easy for school trustees to make the decision to add the coverage on a mandatory basis.
The product also includes a renewal credit endorsement that enables the school with premiums over $35,000 to be rewarded for their prior year's favourable loss experience.
The coverage is underwritten by Echelon General Insurance Company and administered by L.J. Gosselin & Associates.
Our office specializes in Personal Accident Insurance since 1988. As Wholesale Managing Agents, we have access to several domestic insurance markets, and in addition we are Open Market Correspondents at Lloyd’s.
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