How Much Life Insurance Do I Need With One Child? 
In the culture in which we live , providing living expenses , education and supervision for a minor child in the event that you 're not alive as the primary care giver are stewardship concerns for any parent . Another cultural consideration of financialsignificancein raising a daughter is the funding of her wedding . The coverage period should be from the child 's present age to age 21 . The cost to raise your child should not be a burden on the custodian , so the annual expense ofraisingthat child over the years thatprecedethe child 's 21st birthday may be a minimum of $ 12,000 a year , plus acollegeeducation at a state university around $ 50,000 for four years and $ 25,000 - $ 30,000 for a wedding if cultural norms are maintained.So you could be looking at $ 250,000 - $ 300,000 just to cover a minor child at theminimumfinancialcommitments through graduation and marriage . Now add your final expenses for a funeral and medical bills to all your debts and mortgages . The typical single parent made need an additional $ 400,000 - $ 500,000 to coverage these items . A guaranteed level term policy should be fairlyinexpensive if your a healthy nonsmoker and under the age of 50 . For a realisticquote , feel free to contact steve@thebiz.tv . 