Could you make it on Standard Disability or on State Unemployment Benefits?
How much would you receive if you became disabled? Heres a worksheet
that will help you determine if you have enough protection to cover your
loan payments if you became disabled and were unable to work.
Its also important to have life protection to financially protect
your home and family if you couldnt be there for them. Enter the
amount that would allow your family to:
Payoff your debts
Pay funeral and estate costs
Replace your income
Provide for future needs of your survivors
Compare the total to the amount of life protection you currently
have. If theres a gap, you may wish to consider adding additional
protection, such as Payment Protection.
It costs between $139,000 to $279,500
to raise a child to age 18, according to a year 2005 study by the U.S.
Department of Agriculture. And, the college years will cost another $57,000 to $126,000.