Let’s take a look at what may need to happen if a stay at home spouse died. You can never put a price on a loved one. However, you can put a price on the work that person did while alive.
It has been said that the amount of money needed to employ someone 40 hours a week with benefits to clean, cook, do laundry, care for children and shop for food is way over $35,000 a year. Stay at home spouses work more than 40 hours a week and more than 5 days a week. They also have what most employees may not have, a true passion for doing the job with love and care.
After considering all the financial needs in the event of a stay at home spouse dying, and the care involving children, it is clear that burial costs are not the only thing required after a loved one dies. When that loved one is a caring, loving, stay at home spouse there are so many jobs that would be left undone without help and support.
Does a Stay at Home Spouse need Life Insurance? Absolutely yes! Stay at home spouses should be insured to protect from the ‘what- if’s’ in life.
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