I’m married and I’m wondering if my stay-at-home spouse should have life insurance coverage?
Free Insurance Quote Comparison
Secured with SHA-256 Encryption
UPDATED: Aug 20, 2020
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
You might think that only individuals with an income should get life insurance policies, but every individual should have one. Consider the amount of work that a stay-at-home parent or spouse does on a daily basis. From cooking to cleaning, childcare to transportation, the duties are never ending—in some cases, more work than a full time job. If that individual were to die, who would carry out these duties for the family? And how much would that service cost?
The amount of llife insurance death benefit you should have will vary based on your individual circumstances and family need. Consider all the duties that your spouse will have to take on after your death and add to that the cost of hiring someone to replace you for those that he or she would not do. In addition, your death benefit can lighten the debt load your spouse will carry after your death and help give them some financial cushion.