Cord blood banking. Isit really necessary?

Hi all, just curious about cord blood banking if is there anyone there who opt for this? Is there a fee to this if so roughly how much? TIA ?

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Yes to me! I have 3 kids & 3 of them I signed up with Cordlife for 10 year plan. I paid around $3k for first payment/deposit, can be paid by baby bonus and yearly I pay around $250 (if I’m not wrong, around there) also from baby bonus for 10 years. Just want to stay safe! :)