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Caring for a child is one of life’s greatest gifts. It’s also one of life’s greatest responsibilities. Not only will you spend your time trying to ensure they grow up to become strong, caring individuals, but you’ll also spend your resources trying to ensure they have every opportunity possible. The financial impact of having children cannot be understated. From the cost of health care to the cost of education, your child may likely be the single biggest investment you ever make.
This video illustrates the costs associated with raising a child from birth to age 18 and even on to college. Yes, the numbers can be overwhelming in aggregate. But there are strategies to help you increase your savings, reduce expenses and even protect future earnings. At Protective Life Insurance Company, our goal is to focus your attention on this financial responsibility and provide tools to help you meet your individual goals.
There are many resources online to help you learn to manage what you have and build for the future, and we’ve taken the time to pull together some of our own articles to help. Here are just a few quick links to get you started: