Stay-at-home parents don’t earn a salary, but the economic value they provide is staggering. Salary.com estimates the work of a stay-at-home parent – childcare, cooking, cleaning, transportation, tutoring, household management – is worth over $180,000 per year. If something happened to the stay-at-home parent, the surviving spouse would need to pay for all of those services while continuing to work.
Life insurance for stay-at-home parents ensures the family can afford the care and support they’d need.
What Stay-at-Home Parent Coverage Protects
- Full-time childcare – In Los Angeles, quality childcare costs $1,500-$3,000+/month per child
- Before & after school care – For school-aged children
- Housekeeping services – Cleaning, laundry, meal preparation
- Transportation – Getting kids to school, activities, and appointments
- Household management – Budgeting, scheduling, errands
How Much Coverage Is Needed?
A common approach: estimate the annual cost of replacing the stay-at-home parent’s services, then multiply by the number of years until the youngest child is independent.
Example: $50,000/year in replacement costs × 15 years = $750,000 in coverage. At age 35, a 20-year, $750,000 term policy might cost just $35-45/month.
Protect Your Family’s Way of Life
Don’t overlook the economic value of a stay-at-home parent. Get a quote and see how affordable coverage can be.
Call (818) 222-2300 or get your free quote