Families with modest incomes should insure the breadwinner or breadwinners first.
When considering the amount of insurance for the mother with dependent children, substitute child care is a need that should be planned for until the children can care for themselves.
The death of a small child would have no effect upon the income of the family.
Perhaps a policy to meet funeral expenses would be sufficient for the young child.
Although most people do not take out insurance on their young children.
As the children become financially independent of the family, the emphasis on family financial security would shift from protection to saving for the retirement years.
Every family situation is different, but it is important that each family give adequate thought to planning its financial future.
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