Life Insurance for Stay-at-Home Parents: The value of life insurance for non-working spouses, whose contribution to the household has significant financial implications
When most people think about life insurance, they often consider it necessary for the breadwinner of the family—the person who brings in a paycheck every month. But what about the stay-at-home parent, the one who doesn’t earn a traditional income but contributes in so many other essential ways? It’s easy to overlook the value of life insurance for non-working spouses, but the reality is that their role in the household has significant financial implications. Let’s dive into why life insurance is just as crucial for stay-at-home parents as it is for the primary income earners.