The Cost of Raising a Child AKA Why You Need Life Insurance

Reposted Maggie Leyes 02/17/2017

Renters Insurance, Quote, Middle TN, Murfreesboro

Each year the government (the USDA to be exact) publishes how much it costs to raise a child to 18. The number is staggering. It’s more money than most of us can imagine coming up with, which is why life insurance is so important. You can cover that sum—$233,610—for a modest monthly premium.

That’s that stuff for babies and old people, right? People of a certain age remember Ed McMahon telling them their grandparents couldn’t be turned down for any reason and figure that’s the target demographic for life insurance. Or, you might have been offered a small permanent insurance policy for your newborn, attractively presented with a cherubic infant on the envelope. The truth of the matter is that these are very specific insurance products—just as there are many insurance products for adults in their working years.

Call AmeriAgency at 615-209-9362 for a life insurance quote and advice.

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