You can plan to repay debts, cover ongoing living expenses, and save for future education costs for your loved ones. (aigdirect.com)
The amount of life insurance you need will include replacement of your income for your family, future education costs of your children, repayment of debts, etc.. (answers.com)
They want to ensure that they are set for retirement and can also help their child with future education costs. (thecollegeinvestor.com)