The Value of a Stay-at-Home Parent

Image: Mom holding baby while cooking dinner with child by her side.

Who gets those clean bed sheets ready for you, cooks your favorite meals and helps your kids with their homework? Who goes out to buy more milk for your cereal before you even notice that you're out? Who keeps clean laundry in your drawers?

Did you ever think about how much money you're saving to have a stay-at-home parent in your household? To get a better idea of this, here is information from for the various tasks that a stay-at-home parent usually oversees. Housekeeper, chef, chauffer, day care provider and tutor are just a start. Before the pandemic, the estimated amount of money it would take to replace a stay-at-home parent was $178,201, but in 2020/2021, that figure rose to a whopping $184,820! Based on your family's needs, could you afford to hire a stay-at-home parent?

Chances are if the stay-at-home parent in your family was suddenly gone, you might not hire people to take care of all the things on's list, but you might at least hire someone to help take care of your kids while you are at work--and that's still a pretty hefty chunk of change! It's also not an option for a lot of families. That's why it's a good idea to have life insurance for the stay-at-home parent in your family.

If you need life insurance for your family's stay-at-home parent, contact a Shelter agent today.