At Inspire Insurance Services we have this topic come up frequently. A married client comes to us interested in discussing their options for life insurance, and later points out that they do not intend for their stay at home wife or husband to carry the insurance because they don’t earn money at a job.
Many people have a hard time conceptualizing why its not just the breadwinner who needs the coverage.
While stay-at-home parents don’t earn money, they save the family piles of cash. Part of the reason for this they take on many different roles in their children’s lives. The job is a 365 day a year commitment.
Attending soccer games, cooking, cleaning, chauffeuring, tutoring… these are just some of the roles stay-at-home parents play for their rapidly changing children.
Its important to remember that if the unthinkable were to happen to a stay-at-home-parent, the surviving partner would immediately need to scramble to find someone to take over the duties that were once handled by their partner.
In addition, many stay-at-home-parents enter the workforce once the children get a little older. A simple and affordable term life insurance policy would help soften the blow in a big way when tragedy strikes.
Life insurance also provides immense peace of mind for those mourning the loss. Losing a parent or partner is considered to be one of the most emotionally challenging things we experience as humans.
Its imperative that plans are put in place that protect the surviving partner and children’s way of life.
At Inspire Insurance Services we have a variety of options to offer clients. Regardless of how small your budget is, there ARE products out there that will make your passing much easier on those left behind.
Nobody likes planning for their own death. But a lack of planning creates a great deal of unnecessary pain. Pick up the phone and call us, we’re happy to talk about what options you have. 916-750-2489