From an insurance perspective, the stay-at-home parent is worth far more than one may think. Should this parent suddenly be absent from the family, finances would be needed to help with responsibilities previously taken care of by this parent, such as:

• Childcare/School Needs
• Meals/Cooking
• Cleaning/Laundry
• Lawn Care
• Budgets/Family Finances

It is easy to take these responsibilities for granted but the truth is that if something were to happen to a stay-at-home parent, there would be a tremendous financial burden on the surviving spouse. For this reason, it is crucial that a stay-at-home parent secures the protection and peace-of-mind that life insurance provides. Of course, the wage-earning parent should also have life insurance coverage.

As the children grow and move into adulthood, the stay-at-home parent can discuss changes with their agent and adjust coverage accordingly.