{"id":1553,"date":"2017-02-08T18:01:28","date_gmt":"2017-02-08T23:01:28","guid":{"rendered":"https:\/\/lifehappens.org\/?p=1553"},"modified":"2020-04-09T10:43:41","modified_gmt":"2020-04-09T14:43:41","slug":"the-cost-of-raising-a-child-aka-why-you-need-life-insurance","status":"publish","type":"post","link":"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/","title":{"rendered":"The Cost of Raising a Child AKA Why You Need Life Insurance"},"content":{"rendered":"\n\n[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.27.4&#8243;][et_pb_row _builder_version=&#8221;3.27.4&#8243;][et_pb_column _builder_version=&#8221;3.27.4&#8243; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;3.27.4&#8243; hover_enabled=&#8221;0&#8243;]<p>Each year the government (the <a href=\"https:\/\/www.cnpp.usda.gov\/expenditures-children-families-annual-report\" target=\"_blank\" rel=\"noopener noreferrer\">USDA<\/a> to be exact) publishes how much it costs to raise a child to 18. The number is staggering. It&#8217;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\u2014$233,610\u2014for a modest monthly premium. A healthy 30-year-old, for example, can get $250,000 of term life insurance coverage for 20 years for about $13 a month. That is a small price to pay for both peace of mind, and having your child be OK financially if something were to happen to you.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;3.27.4&#8243;][et_pb_column _builder_version=&#8221;3.27.4&#8243; type=&#8221;4_4&#8243;][et_pb_image src=&#8221;https:\/\/lifehappens.org\/wp-content\/uploads\/2019\/12\/2015-CRCInfographic.jpg&#8221; _builder_version=&#8221;3.27.4&#8243; hover_enabled=&#8221;0&#8243;][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;3.27.4&#8243;][et_pb_column _builder_version=&#8221;3.27.4&#8243; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;3.27.4&#8243; hover_enabled=&#8221;0&#8243;]<p><strong>Source: <a href=\"https:\/\/www.cnpp.usda.gov\/expenditures-children-families-annual-report\" target=\"_blank\" rel=\"noopener noreferrer\">United States Dept. of Agriculture, January 2017<\/a><\/strong><\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;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\u2014$233,610\u2014for a modest monthly premium. A healthy [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"2880","footnotes":""},"categories":[4],"tags":[237,14],"class_list":["post-1553","post","type-post","status-publish","format-standard","hentry","category-life-insurance","tag-cost-of-raising-a-child","tag-life-insurance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Cost of Raising a Child AKA Why You Need Life Insurance &#8211; Life Happens<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Cost of Raising a Child AKA Why You Need Life Insurance\" \/>\n<meta property=\"og:description\" content=\"[et_pb_fullwidth_module_placeholder selected_tabs=&quot;all&quot;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/\" \/>\n<meta property=\"og:site_name\" content=\"Life Happens\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/lifehappens.org\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-08T23:01:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-09T14:43:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/lifehappens.org\/wp-content\/uploads\/2021\/06\/og_image_LifeHappens_logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maggie Leyes\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@lifehappens\" \/>\n<meta name=\"twitter:site\" content=\"@lifehappens\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maggie Leyes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/\"},\"author\":{\"name\":\"Maggie Leyes\",\"@id\":\"https:\/\/lifehappens.org\/#\/schema\/person\/fdbc1c1a80d96f181d860f5906a20c98\"},\"headline\":\"The Cost of Raising a Child AKA Why You Need Life Insurance\",\"datePublished\":\"2017-02-08T23:01:28+00:00\",\"dateModified\":\"2020-04-09T14:43:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/\"},\"wordCount\":216,\"publisher\":{\"@id\":\"https:\/\/lifehappens.org\/#organization\"},\"keywords\":[\"cost of raising a child\",\"life insurance\"],\"articleSection\":[\"Life Insurance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/\",\"url\":\"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/\",\"name\":\"The Cost of Raising a Child AKA Why You Need Life Insurance &#8211; Life Happens\",\"isPartOf\":{\"@id\":\"https:\/\/lifehappens.org\/#website\"},\"datePublished\":\"2017-02-08T23:01:28+00:00\",\"dateModified\":\"2020-04-09T14:43:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/lifehappens.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Cost of Raising a Child AKA Why You Need Life Insurance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/lifehappens.org\/#website\",\"url\":\"https:\/\/lifehappens.org\/\",\"name\":\"Life Happens\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/lifehappens.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/lifehappens.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/lifehappens.org\/#organization\",\"name\":\"Life Happens\",\"url\":\"https:\/\/lifehappens.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/lifehappens.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/lifehappens.org\/wp-content\/uploads\/2021\/06\/logo_LifeHappens_primary_horizontal_color_SM.png\",\"contentUrl\":\"https:\/\/lifehappens.org\/wp-content\/uploads\/2021\/06\/logo_LifeHappens_primary_horizontal_color_SM.png\",\"width\":326,\"height\":50,\"caption\":\"Life Happens\"},\"image\":{\"@id\":\"https:\/\/lifehappens.org\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/lifehappens.org\",\"https:\/\/x.com\/lifehappens\",\"https:\/\/www.instagram.com\/lifehappens\/\",\"https:\/\/www.linkedin.com\/company\/lifehappensorg\/\",\"https:\/\/www.youtube.com\/c\/LifeHappensOrg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/lifehappens.org\/#\/schema\/person\/fdbc1c1a80d96f181d860f5906a20c98\",\"name\":\"Maggie Leyes\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/lifehappens.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/lifehappens.org\/wp-content\/uploads\/2020\/08\/photo_staff_Maggie_Leyes-150x150.jpg\",\"contentUrl\":\"https:\/\/lifehappens.org\/wp-content\/uploads\/2020\/08\/photo_staff_Maggie_Leyes-150x150.jpg\",\"caption\":\"Maggie Leyes\"},\"description\":\"Maggie Leyes is Chief Creative Officer for Life Happens. She has been working in the insurance and financial services industry for more than 15 years.\",\"url\":\"https:\/\/lifehappens.org\/blog\/author\/maggie\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Cost of Raising a Child AKA Why You Need Life Insurance &#8211; Life Happens","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/","og_locale":"en_US","og_type":"article","og_title":"The Cost of Raising a Child AKA Why You Need Life Insurance","og_description":"[et_pb_fullwidth_module_placeholder selected_tabs=\"all\"]","og_url":"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/","og_site_name":"Life Happens","article_publisher":"https:\/\/www.facebook.com\/lifehappens.org","article_published_time":"2017-02-08T23:01:28+00:00","article_modified_time":"2020-04-09T14:43:41+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/lifehappens.org\/wp-content\/uploads\/2021\/06\/og_image_LifeHappens_logo.jpg","type":"image\/jpeg"}],"author":"Maggie Leyes","twitter_card":"summary_large_image","twitter_creator":"@lifehappens","twitter_site":"@lifehappens","twitter_misc":{"Written by":"Maggie Leyes","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/#article","isPartOf":{"@id":"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/"},"author":{"name":"Maggie Leyes","@id":"https:\/\/lifehappens.org\/#\/schema\/person\/fdbc1c1a80d96f181d860f5906a20c98"},"headline":"The Cost of Raising a Child AKA Why You Need Life Insurance","datePublished":"2017-02-08T23:01:28+00:00","dateModified":"2020-04-09T14:43:41+00:00","mainEntityOfPage":{"@id":"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/"},"wordCount":216,"publisher":{"@id":"https:\/\/lifehappens.org\/#organization"},"keywords":["cost of raising a child","life insurance"],"articleSection":["Life Insurance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/","url":"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/","name":"The Cost of Raising a Child AKA Why You Need Life Insurance &#8211; Life Happens","isPartOf":{"@id":"https:\/\/lifehappens.org\/#website"},"datePublished":"2017-02-08T23:01:28+00:00","dateModified":"2020-04-09T14:43:41+00:00","breadcrumb":{"@id":"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/lifehappens.org\/blog\/the-cost-of-raising-a-child-aka-why-you-need-life-insurance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/lifehappens.org\/"},{"@type":"ListItem","position":2,"name":"The Cost of Raising a Child AKA Why You Need Life Insurance"}]},{"@type":"WebSite","@id":"https:\/\/lifehappens.org\/#website","url":"https:\/\/lifehappens.org\/","name":"Life Happens","description":"","publisher":{"@id":"https:\/\/lifehappens.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/lifehappens.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/lifehappens.org\/#organization","name":"Life Happens","url":"https:\/\/lifehappens.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/lifehappens.org\/#\/schema\/logo\/image\/","url":"https:\/\/lifehappens.org\/wp-content\/uploads\/2021\/06\/logo_LifeHappens_primary_horizontal_color_SM.png","contentUrl":"https:\/\/lifehappens.org\/wp-content\/uploads\/2021\/06\/logo_LifeHappens_primary_horizontal_color_SM.png","width":326,"height":50,"caption":"Life Happens"},"image":{"@id":"https:\/\/lifehappens.org\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/lifehappens.org","https:\/\/x.com\/lifehappens","https:\/\/www.instagram.com\/lifehappens\/","https:\/\/www.linkedin.com\/company\/lifehappensorg\/","https:\/\/www.youtube.com\/c\/LifeHappensOrg"]},{"@type":"Person","@id":"https:\/\/lifehappens.org\/#\/schema\/person\/fdbc1c1a80d96f181d860f5906a20c98","name":"Maggie Leyes","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/lifehappens.org\/#\/schema\/person\/image\/","url":"https:\/\/lifehappens.org\/wp-content\/uploads\/2020\/08\/photo_staff_Maggie_Leyes-150x150.jpg","contentUrl":"https:\/\/lifehappens.org\/wp-content\/uploads\/2020\/08\/photo_staff_Maggie_Leyes-150x150.jpg","caption":"Maggie Leyes"},"description":"Maggie Leyes is Chief Creative Officer for Life Happens. She has been working in the insurance and financial services industry for more than 15 years.","url":"https:\/\/lifehappens.org\/blog\/author\/maggie\/"}]}},"_links":{"self":[{"href":"https:\/\/lifehappens.org\/wp-json\/wp\/v2\/posts\/1553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifehappens.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifehappens.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifehappens.org\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/lifehappens.org\/wp-json\/wp\/v2\/comments?post=1553"}],"version-history":[{"count":4,"href":"https:\/\/lifehappens.org\/wp-json\/wp\/v2\/posts\/1553\/revisions"}],"predecessor-version":[{"id":1560,"href":"https:\/\/lifehappens.org\/wp-json\/wp\/v2\/posts\/1553\/revisions\/1560"}],"wp:attachment":[{"href":"https:\/\/lifehappens.org\/wp-json\/wp\/v2\/media?parent=1553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifehappens.org\/wp-json\/wp\/v2\/categories?post=1553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifehappens.org\/wp-json\/wp\/v2\/tags?post=1553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}