According to the BabyCenter’s 2011 report, the average cost of raising a child is $226,920! On average $10,000 is spent in the first year alone. According to LIMRA 43% of women have no life insurance at all and 40% of households with children under 18 say they would immediately have trouble meeting everyday expenses if a primary wage earner died today. Life insurance for women is less expensive than life insurance for men, primarily because women live longer! The price of a $250,000 20 year term life insurance for women policy can cost as little as $16 per month for a 40 yr old female.