Stay-at-Home Parent | Shelter Insurance®

The Value of a Stay-at-Home Parent

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 your yard weed-free and looking great?

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 Business Insider for the various tasks that a stay-at-home parent usually oversees. They listed it as the Mother's Day index, but as more Dads are staying home – the same principles apply:

And that's not even including tutoring fees for that homework help or the expenses of having a personal accountant around to keep track of family finances! Now that you have a good idea of the monetary value, think about this: 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 at least hire a nanny. But if your family lives paycheck to paycheck, that might not be an option for you. That's why it's a good idea to have life insurance for the stay-at-home parent in your family.

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