Just use a tiny percentage of what you already spend to protect your children

Just use a tiny percentage of what you already spend to protect your children -
Do you know how much it takes to raise a child today?
Are you sitting down?
It would be nearly a quarter of a million dollars.
It costs $ 245,000 to raise a child born in 2013 until they reach 18, according to the US Department of Agriculture.
There is no mention of a luxury education. It's no baby Kardashian-esque fitted cashmere onesies. We are not talking of a privileged college education, because these figures do not understand the cost of college. That's extra. Add approximately $ 18,000 per year for the public and $ 41,000 per year for the private college.
This Number- $ 245,000-is a place to live, food, clothing, health care ... the basics.

The family of medium average income spends about $ 13,000 per year on their child.

You are here to take care of these expenses now. But what happens if something were to happen to you? If an average middle-income family spends about $ 13,000 per year on their child (see infographic below) that the money should come from somewhere.
This is where life insurance comes in. If you take between 1% and 2% of what you already spend on your child each year, or about $ 0 he would pay the annual premium for $ 250,000 in coverage for term life insurance. Something happens to you, your child is OK financially.
We used a 30-year-old dad or healthy mom (who does not smoke!) Who gets a long-term policy in 20 years for the example above. Age and health vary the amount of your premium increases as your age or health decreases, the price goes up.
But the truth is, apart from 1% to 2% of what you spend on your child already is a small price to pay to protect them. No reason to wait. You can determine how much life insurance you might need this easy online life insurance needs calculator.
Source computer graphics: USDA