WHY STAY AT-HOME-PARENTS NEED LIFE INSURANCE

There’s a misconception nowadays that the only person who needs life insurance is the primary breadwinner of the household. They’re the ones who bring home a salary on a day-to-day basis after all, right? How about the stay-at-home parents? Don’t they also need life insurance coverage too?

One of the primary reasons to buy life insurance is to help replace your income if you have loved ones who count on you for financial support. But if you’re not working at a paying job, should you even bother getting coverage? In a word, yes.

There are many reasons why stay-at-home moms need life insurance in place. Before you say you’re “just” a stay-at-home mom with no financial contribution to your household, consider these four reasons why your role is more than worthy of a life insurance policy:

A Life Insurance Policy Can Help With Child Care

One of the biggest, long-term expenses your family will face without having you around is the cost of child care. A spouse whose job requires travel or nighttime hours is going to be hit even harder.

Extended care and evening hours can quickly eat into a family’s bank account and not noticing it. Without you, someone else will have to take care of your children while your spouse is working. 

You Can Leave Your Kids an Inheritance

As parents, you would want to give our children so much. Buy them the toys that they liked when they were younger. Cars they dream of when they’re old enough to drive. Beautiful intimate weddings they’ll never forget.

You can leave a small nest egg behind to help your children when they’re grown up and ready to start a family. Giving your kids a portion of your inheritance can also give them a head start when they’re adults. It’s not the same as having you around, however, it’s one way to help your family out if you’re not able to be around.

It is a common belief that only rich people have inheritance, however, Inheritance doesn’t have to be millions of dollars. Busting your budget on extra life insurance now so your children can benefit after your gone is a wise decision. Chances are, you’ll be here to spoil your grandchildren and maybe even your great-grandchildren even without your presence. 

 With a little research, you can find a life insurance policy that fits in with your family’s budget that will help you sleep at night, knowing your family is protected should something happen to you.  Money won’t take your place but knowing your family will be taken care of if you’re unable to can give you peace of mind.

Your Family Won’t Be Saddled With a Funeral Bill

The average funeral cost in the Philippines is 15000 to 50000. That’s a price tag many families couldn’t absorb without life insurance. Add on to the new expenses for running the household, child care, and education, and losing you can become a major financial setback that your family has to deal with on top of their grief.

Enjoy peace of mind

The idea of leaving behind your family is unfathomable and scary. However, preparing for the unexpected doesn’t make it happen any sooner.

Term life insurance coverage can be a key part of that sometimes-difficult preparation plan for a stay-at-home mom or dad. It’s a selfless service on top of all the other selfless services they already provide that offers not only protection for their loved ones but also peace of mind.