The Hidden Value of Stay-at-Home Parents
According to Salary.com, the services a stay-at-home parent provides — including childcare, cooking, cleaning, transportation, and household management — would cost over $180,000 per year to replace with paid professionals.
If a stay-at-home parent passes away, the surviving spouse would need to hire childcare, housekeeping, and other services while continuing to work. Without life insurance, this financial burden can be crushing.
How Much Coverage?
Consider the cost of replacing childcare and household services for the number of years until your youngest child is self-sufficient. Full-time childcare alone costs $10,000 to $20,000 per child per year.
A $250,000 to $500,000 term policy for a stay-at-home parent typically costs $15 to $30 per month — an affordable investment that provides enormous peace of mind.
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