The Cost of Raising a Child

The US Department of Agriculture (USDA) just released its annual report, “The Cost of Raising a Child”.  The report shows that a middle-income family with a child born in 2013 can expect to spend about $245,340 for food, housing, childcare and education, and other child-rearing expenses up to age 18.That figure doesn’t even include the cost of college!  Who says you can’t put a price on love?  See how the costs breakdown in the graphic below.

Conclusion

Anyone who has children knows how expensive it can be to raise them.  Why is this report so important? It illustrates one of the main reasons why you need life insurance!  If you weren’t around to provide for your family, would they have the financial resources to handle all of these expenses?  A simple term policy can cover you until your children can support themselves. If you want to protect your family, we can help. We have access to over 40 insurance companies and will use all of our resources to get you the best coverage option available. Please feel free to give us a call at (888) 687-9444 or email us at info@archstoneagency.com if you have any questions.

About Us

Archstone Insurance Services, LLC is an independent agency that shops over 40 of the top life insurance carriers to provide huge savings on life insurance coverage for our clients.  We are happy to answer any questions you might have about any of the insurance products we offer, your planning needs or your existing coverage.  Feel free to call us directly at (888) 687-9444 or email us at info@archstoneagency.com.  You can also visit our website at www.archstoneinsurance.com.