I have been a stay-at-home mom for six years now. I tried to go back in the workforce when Zoe was a toddler, but it was too difficult. My blog is now my income, while my husband is the chief money maker in the home to pay all the bills. We recently had a discussion about obtaining a life insurance plan for myself since I’m home with the kids but he thought there was no need to buy a separate life insurance policy. I found this article on Why Stay-At-Home Parents Need Life Insurance and his thoughts have completely changed.
My husband works hard, very hard to support our family but so do I. I cook, clean, shop, run errands, make phone calls, chauffeur the kids around, babysit when friends are over playing along with countless other things. There was a sentence in that article that really caught both of our eyes:
“If you died tomorrow, would you have the money to hire people to do all of the things that you do for your family on a day-to-day and year-to-year basis?”
Quite the intense sentence! Sure my husband could do everything but it would become overwhelming while trying to continue his full time career to support the children, house, bills etc.
That is why stay-at-home parents should invest in a life insurance plan. It is financial security given the unexpected. Not under any circumstance would I want my family to be in a crisis should something happen to me. The stresses of taking care of me or at the worst death, makes it a wise decision to purchase a life insurance plan.
Genworth Financial has all the resources you need to better understand what life insurance is to how much life insurance you’ll need and how to buy it. My husband and I now understand that we owe this to our children. Nobody knows when death will happen, thus planning ahead before that time comes will ensure less burdens on the family.
I encourage you to start this conversation with your loved one’s now, research and make a plan. Your family depends on you, even if you’re a stay-at-home parent. Life and protecting the future of your loved ones is worth a plan.
Do you have a life insurance plan?