How Your Life Insurance Needs Change With More Than One Child
A child is a wonderful addition to any family. But with each new bundle of joy comes a new bundle of responsibilities, and as your household changes, so should your life insurance coverage.
The room is painted, the crib is assembled and the changing station is fully stocked. But while you may think you have all your I’s dotted and T’s crossed for your new baby, have you put any thought into updating your life insurance coverage?
With the cost of raising a child to the age of 17 totaling around $310,000,1 welcoming a new child may require reviewing your life insurance policy to make sure everyone is protected.
As soon as your baby is born, you think of a thousand different things. If something unexpected happens and you’re no longer there, life insurance can help fill that financial gap.