When considering the purchase of life insurance, it is easy to overlook the value of a stay-at-home parent because they provide little.
However, do not fall into that trap. Stay-at-home parents contribute so much to a family that it is hard to calculate their true worth.
You should understand that life insurance is important, and why it makes sense to insure a stay-at-home parent.
It’s best to have this discussion and make a plan so you have peace of mind that this issue is taken care of should the need arise.
The surviving parent is now left with having to pay for childcare and transportation, housekeeping and property maintenance, grocery shopping and meal preparation.
There are many other expenses that the surviving parent will have to shoulder alone. Some of these include: – Housing – Food
You need to include college education costs in your discussions about life insurance coverage amounts.