Spending on Young Marriage and New Parents

You may not believe it at first, but a large number of students marry and have children while in college.

According to the National Center for Education Statistics, about 20 percent of college students are married, and more than 25 percent of students take care of their children while in college.

Losing a spouse at this age can be daunting, and outstanding student loans can place an additional burden on the surviving spouse.

Life insurance provides a cumulative amount of money to help the surviving spouse take care of outstanding financial debt, funeral expenses, and raising children.