Do Stay-At-Home Moms Need Life Insurance Coverage?

Our insurance agency advises family’s to take notice of what duties the stay-at-home spouse perform through out the day and what it would cost to supplement them.

The financial contribution may not be as obvious as a monthly paycheck but an employed spouse is certainly working hard and contributing much.

In most all circumstances – Yes, our insurance agency recommends life insurance for stay-at-home spouses. We believe both spouses having life insurance best protects a family’s future.

Why Both Spouses Need Life Insurance Coverage

Both spouses need to have good life insurance protection, if their are others financially dependent on either of you.

A difficult reality to even imagine as you prepare for the unimaginable future, but in order to best protect your family you must have a plan if a spouse were to pass away.

In the unfortunate event something were to happen to a spouse how does this change your daily living expenses?

Here are some of the many changes you must prepare for when a stay-at-home spouse passes away:

  • Who is going to watch the kids? How much will childcare cost?
  • How are you going to clean the house?
  • How are you going to prepare meals? When are you going to purchase groceries?

All of these questions and so many more carry numerous expenses a family must anticipate. All of the duties that were being performed by the stay-at-home spouse need to be considered when considering your need for life insurance. The stay-at-home spouse may not be bringing in a visible financial contribution, but they are working full-time and overtime helping the family operate.

The additional expenses can grow quickly and having a life insurance policy on both spouses is the best way to protect your home. Consider extra financial obligation depending on the working spouses employment – does he/she travel? What hours does he/she work? etc.

How Much Life Insurance Is Enough?

Great question to ask! As a stay at home spouse you have to consider the age of your kids when shopping for the right coverage. If your kids are young we would recommend a minimum of 20 years of life insurance coverage.

People tend to assume life insurance is expensive and they can’t afford it. The opposite is true! You will be surprised at how inexpensive it can be to get substantial amount of coverage and you can not afford to do without it!

For a $250,000.00 dollar term life insurance policy for a healthy 35 year old female the monthly premiums would be close to $150 dollars a month!

Life insurance can appear to be fairly complicated and overwhelming at first, but one of our agents can help it become very easy to understand.

When deciding on the amount of life insurance it is very specific to your unique circumstances. Southern States Insurance tailors each insurance policy to fit your specific situation’s needs.

I Need To Buy Life Insurance Or Good Life Insurance Advice

We want to help you and your family be protected. In order to buy life insurance all you need to do is fill out the form at the top of the page for a free insurance quote and indicate life & health insurance. One of our agents will contact you and learn more about what coverage would be best for your needs. Our agency then shops with A+ insurance carriers only to find you the best price for your unique coverage needs.

In a matter of hours we can return to you the best price on life insurance our agents were able to find.

If you are a stay-at-home mom life insurance coverage is still necessary to prepare for the additional financial expenses that come from an unfortunate loss. Our insurance agency can be sure that you have the insurance coverage you need and your family is protected well. Get a free life insurance quote today or call our agency to speak with an agent and gain some good life insurance advice and wisdom. Our goal is to help you succeed.