Do you know how much it costs to raise a child until they’re 18? According to the U.S. Department of Agriculture, the amount is $245,000. And this doesn’t even include college – that’s an extra $18,000 a year for public and about $41,000 a year for private college! This amount is only for the basics – it covers food, housing, childcare and education.
All parents are responsible for these expenses now, but most don’t want to consider the effect it would have on their kids if something were to happen to them. Well, that’s where life insurance comes in to play. If you take a percentage of what you already spend on your child each year, roughly one to two percent, it could pay the yearly annual premium in term life insurance coverage. If something unexpectedly happens to you, your child will still be supported financially.
The truth is, setting aside this small amount of money of what you’re already spending could protect your child in an unexpected circumstance. This is only a small price to pay for security and peace of mind. Buying life insurance can be confusing with the variety of policies, variables and terms that need to be considered. Rest assured, we’re here to help. We will take a look at your specific family situation and walk you through the options so that you can make the best decision for you and your family. Protect your family and ensure their safety now with our help.