peace of mind insurance
Health Insurance, Insurance, Life Insurance, Personal Insurance, Uncategorized

7 Reasons Why A Stay-At-Home Parent Should Have Life Insurance

insurance guarantees protection or safetyMost people fail to enjoy thinking about death and losing or leaving our loved ones. However, thinking about and preparing for the inevitable is wise and loving. Merriam-Webster’s Dictionary defines insurance as:

“A means of guaranteeing protection or safety.”

While most people think about the impact their death would have on loved ones if they work outside the home, few consider the importance of purchasing life insurance for a stay-at-home parent. But if you stay home with your kids, here are a few reasons why you should give the prospect some serious thought:stay-at-home parent insurance

1. Funerals are expensive

The average cost of a funeral today is between $7,000 and $10,000. Life Insurance would help your family cover the cost, eliminating the added anxiety this type of financial burden would create in during an already difficult time.

2. Offers the means for an inheritance

childcare college education insuranceLife Insurance is generally the only means that a stay-at-home parent has to leave a financial inheritance for children. You might also wish to specify that the proceeds be used to pay childcare or their college education. Additionally, most life insurance pay-outs are tax-free, ensuring your heirs receive the full amount you intended.

3. Assigns value to your contributioninsurance assigns monetary value to contribution

Just because a stay-at-home parent does not bring in a monetary paycheck does not mean that what they do isn’t extremely financially beneficial to the family unit. Salary.com chose a handful of jobs they believe reflect a day in the life of a stay-at-home parent. They calculated that the median annual salary of a stay-at-home parent is $162,581!

4. Could cover potential medical bills


potential medical billsThe future is uncertain. And good health is never a guarantee. Purchasing a life insurance policy now could can help your family manage crippling medical bills in the future in the event you have a debilitating accident or become otherwise incapacitated. Again, never fun to consider. But the nice thing about life insurance is that it enables you to relax, secure in the knowledge that if something happens, the people you love will be taken care of.

5. Possible future income

Many stay-at-home parents fill that role just for a season, eventually returning to the workforce when children age. Your future earning potential must not be discounted when considering the potential need for life insurance.

6. Quality childcare

The cost of a quality childcare provider is steep, especially if the children are very young. According to the National Association of Child Care Resource and Referral Agencies (NACCRA), the average annual cost of quality infant care was $15,895. This is enough to devastate a young family, faced with the loss of their loved one. A term life insurance policy could be a great option while your children are young, and you are healthy and able to qualify for a generous policy.childcare costs insurance

7. Peace of Mind

Don’t underestimate the value of peace of mind. Knowing that, in the event of your untimely demise, your loved ones will be financially provided for can bring tremendous peace and security. If you have questions about life insurance, or any other kind of insurance, please contact us today. We would be happy to review potential policies. peace of mind insurance

About Inclán Insurance Services


Inclán Insurance Services in La Verne, California, near San Dimas, and offers myriad insurance programs, inside as well as far outside of our immediate geographical location. Among our book of extensive insurance offerings: business – cannabis, contractors, general liability, worker’s compensation, commercial auto, commercial property, and entertainment; and personal – automobile, classic cars, motorcycle, health, homeowner’s, renter’s, and life insurance.

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