Does A Stay-At-Home Parent Need Life Insurance?

The most important thing you can do is get the protection your family needs. If something unfortunate should happen, life insurance can help pay for things like child care and educational costs or allow the other parent to take time away from work. 

Term insurance, which offers coverage for a set amount of time, can be a great place to start since it’s often the most affordable option, and the sooner you get life insurance, the more affordable it will likely be. One of our FindInsurance life insurance agents can work with you to find what will fit within your budget while also keeping in mind the amount and type of coverage that’s appropriate for your family. Remember to ask if there are discounts available for having multiple policies, such as home, auto and life, with the same insurer.

Here are a few things to consider when choosing life insurance coverage if you are a stay-at-home parent:

  1. Family members: How many people would your life insurance benefits need to help? Think about children’s ages and if they have any special needs. If you have younger children, the money may need to last a long time. 
  2. Lifestyle: Consider what you’d want for your family, such as having money for child care, if something should happen to you. 
  3. Length of time: If you elect to get a term policy, make sure it’s for an appropriate amount of time. Contemplate how long it will be until your kids turn 18 or how many years until your spouse can retire. 
  4. Additional benefits: If you are applying for term insurance but eventually want permanent coverage, ask one of our FindInsurance agents if the policy has an option to convert.

While it can be difficult to think about the reasons for needing life insurance, a FindInsurance.com agents can help guide you through the process of choosing a policy. With all you do for your family on a daily basis, life insurance can help give you peace of mind that they’re protected, and it’s the perfect time to get covered. 

Need Life Insurance? > We make it Simple. Call Now > (740) 236-4600 – We’ve got ya covered. FindInsurance.com Simple is Better.