PreHeader Home Page About Us Home Page Get A Quote Partners Claims Blog English Bulgarian Bulgarian Version Contact Us Contact Us
Home > Blog > Life Insurance for the Stay-at-Home Spouse
TUESDAY, NOVEMBER 1, 2016

Life Insurance for the Stay-at-Home Spouse

image of mom and babyWhile everyone recognizes the vital role of the family’s main wage earner, few people stop to think about the cost of services performed by the stay-at-home spouse. This includes childcare, looking after the home, preparing meals, and many other time-consuming activities, like carpooling, laundry, and grocery shopping, to name a few!

What if something happened to the person who handles all those responsibilities? Often the parent who is left behind is unable to provide the same stable home-life that their family was comfortable with. Not only has the family been devastated emotionally, but their entire way of life will have to change.

This worst-case scenario happened to our own agent, Thomas Gardner. One of his customers decided not to get life insurance on his stay-at-home spouse, who was the homemaker for their children. Sadly, she passed away very unexpectedly while all three children were under 10. For years, the financial burden was extremely difficult to handle. He had to become dependent on a lot of people for a long time.

There is no easy way to determine how much life insurance is enough, because no two families have exactly the same needs. The appropriate amount of insurance protection could equal the approximate financial value of the services the stay-at-home spouse provides times the number of years before the youngest child is out of college. For example, if that value is $50,000 per year and it will be 10 years before your youngest child is out of college, a $500,000 policy would be a good start. If you have extremely young children, you also have to calculate the need for day care. The average price of full-time care at day care can be as high as $15,000 per year.

Please contact our office to speak to one of our knowledgeable life insurance agents to determine what type of policy would be best for your family! 

Posted 8:47 PM

Tags: life insurance, stay at home spouse
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012

  • insurance(27)
  • tips(22)
  • business insurance(17)
  • home insurance(15)
  • coverage(15)
  • battle creek(14)
  • life insurance(14)
  • auto insurance(13)
  • savings(12)
  • health insurance(9)
  • battle creek auto insurance(9)
  • battle creek home insurance(8)
  • battle creek life insurance(7)
  • battle creek car insurance(7)
  • safety(6)
  • battle creek homeowners insurance(5)
  • auto insurance battle creek(4)
  • car insurance battle creek(4)
  • winter(3)
  • general liability(3)
  • michigan(3)
  • health(3)
  • battle creek business insurance(3)
  • battle creek health insurance(2)
  • workers compensation(2)
  • protection(2)
  • commercial auto insurance(2)
  • home insurance battle creek(2)
  • allen harmon insurance(2)
  • homeowners insurance battle creek(2)
  • cold(2)
  • battle creek mi homeowners insurance(2)
  • driving(2)
  • commercial auto(2)
  • property insurance(2)
  • homeowners insurance(2)
  • auto(2)
  • cold prevention(1)
  • thunderstorm safety(1)
  • life insurance beneficiary(1)
  • teen drivers(1)
  • snow(1)
  • gap insurance(1)
  • home based business insurance(1)
  • tax deferred life insurance(1)
  • leasing(1)
  • vehicles(1)
  • home insurance claim(1)
  • germs(1)
  • future(1)

View Mobile Version
Site Footer Home Page Customer Service About Us Get A Quote Contact Us Claims Testimonials Locations
Allen Harmon Insurance Agency | 230 N Helmer Rd | Battle Creek , MI 49037 | (269) 441-5156
Kozhuharov Agency | 961 Oakwood DrĀ | Rochester, MI 48307 | (877) 205-0051
Powered by Insurance Website Builder