The IMPORTANCE of Life Insurance for a Stay-at-Home-Spouse/Significant Other
Just because you are a Stay-at-Home Spouse/Significant Other, does not mean you do not need Life Insurance. It is just as important for the Stay-at-Home Spouse/Significant Other to need Life Insurance as it is for the working parent. Although the amount of Life Insurance needed for a Stay-at-Home Spouse/Significant Other may be less than that needed for the main wage earner, it would still be an important resource to protect the family’s financial well-being, especially during a difficult time.
- The specific amount of coverage will depend on the family’s particular situation.
There are several important reasons why a Stay-at-Home Spouse/Significant Other would benefit from having a Life Insurance Policy.
- If the Stay-at-Home Spouse/Significant Other were to pass away, Life insurance can help cover any of the surviving parent’s debts, such as the costs associated with a funeral and final expenses.
- If the surviving spouse has young children at home, he or she might need additional funds to help pay for childcare such as a nanny, after-school care or hire additional help for the children, which can be quite costly.
- The surviving spouse may need additional help with the house cleaning and or cooking, amongst other things the Stay-at-Home Spouse/Significant Other had been providing.
Life Insurance can certainly provide financial help to cover these expenses during a challenging time as well as in the long term.
If you have any questions regarding how much Life Insurance you or your Stay-at-Home Spouse would need, feel free to call Motz-Rusin Insurance Agency at
Palm Desert office
760-564-3888.
CA License 0M26924
Wyoming office
307-204-8400
WY License #455134
*This article is for informational purposes only & does not have details of everything you might need for your insurance needs.
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