Term Life Insurance Articles
Why Stay-At-Home-Moms Should Consider Term Life Insurance
2011-10-18
Stay-at-home moms everywhere will testify that they work full-time jobs. Scientific studies also show that moms do lots of jobs ranging from chef to chauffeur and even psychologists. For years, stay-at-home moms believed they didn't need to purchase term life insurance because their spouse already purchased coverage or because they weren't the primary wage earner in their household. Today, there are more than six million stay-at-home moms and many more stay-at-home dads, who are responsible for caring for their families and homes every day of the year. To secure an appropriate policy, stay-at-home moms can even apply for coverage with their spouse for better term life insurance rates.
The argument that stay-at-home parents should purchase term life insurance has been validated by personal finance experts and many organizations that track wages earned in the general population. Estimates that value the worth of stay-at-home moms show that the average family of four would need anywhere from $30,000 to $300,000 to pay for all the services a mom performs in one year. The workload of stay-at-home parents includes shopping, food preparation, child care, transportation, cleaning, household chores, laundry, help with homework and a multitude of other services that are done by well-paid professionals. According to statistics, the cost of after-school childcare for one child for one year is more than $10,000.
Losing a parent is one of the most difficult experiences for children to go through without additional financial issues. The impact of how much work of stay-at-home moms do is routinely underestimated. Moms provide emotional support, cultural enrichment, transportation to extracurricular activities and unconditional love. In the end, there is no way to replace all the services a mom does, but a term life insurance policy can help pay for housing costs, child care and unexpected expenses. Benefits from a term life insurance policy take the stress off partners and make it easier for children to peruse the life their family envisioned.
Although many people think they have emergency situations covered, they may be underestimating the importance of benefits from a term life insurance policy. With affordable term life insurance rates, stay-at-home moms and parents who aren't the primary breadwinner can make a lasting contribution to their family and pay for college tuition, tutoring, childcare, housing and other expenses. People often equate a salary with self worth. Although stay-at-home moms don't have paychecks, they have immeasurable value to a family, which can be compensated for in part by a life insurance policy. Term life insurance might not replace all the tangible and intangible services a mom performs, but it can make a difficult time a little bit easier for the entire family.
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Stay-at-home moms everywhere will testify that they work full-time jobs. Scientific studies also show that moms do lots of jobs ranging from chef to chauffeur and even psychologists. For years, stay-at-home moms believed they didn't need to purchase term life insurance because their spouse already purchased coverage or because they weren't the primary wage earner in their household. Today, there are more than six million stay-at-home moms and many more stay-at-home dads, who are responsible for caring for their families and homes every day of the year. To secure an appropriate policy, stay-at-home moms can even apply for coverage with their spouse for better term life insurance rates.
The argument that stay-at-home parents should purchase term life insurance has been validated by personal finance experts and many organizations that track wages earned in the general population. Estimates that value the worth of stay-at-home moms show that the average family of four would need anywhere from $30,000 to $300,000 to pay for all the services a mom performs in one year. The workload of stay-at-home parents includes shopping, food preparation, child care, transportation, cleaning, household chores, laundry, help with homework and a multitude of other services that are done by well-paid professionals. According to statistics, the cost of after-school childcare for one child for one year is more than $10,000.
Losing a parent is one of the most difficult experiences for children to go through without additional financial issues. The impact of how much work of stay-at-home moms do is routinely underestimated. Moms provide emotional support, cultural enrichment, transportation to extracurricular activities and unconditional love. In the end, there is no way to replace all the services a mom does, but a term life insurance policy can help pay for housing costs, child care and unexpected expenses. Benefits from a term life insurance policy take the stress off partners and make it easier for children to peruse the life their family envisioned.
Although many people think they have emergency situations covered, they may be underestimating the importance of benefits from a term life insurance policy. With affordable term life insurance rates, stay-at-home moms and parents who aren't the primary breadwinner can make a lasting contribution to their family and pay for college tuition, tutoring, childcare, housing and other expenses. People often equate a salary with self worth. Although stay-at-home moms don't have paychecks, they have immeasurable value to a family, which can be compensated for in part by a life insurance policy. Term life insurance might not replace all the tangible and intangible services a mom performs, but it can make a difficult time a little bit easier for the entire family.
