{"id":1895,"date":"2020-11-17T07:34:00","date_gmt":"2020-11-17T07:34:00","guid":{"rendered":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/?p=1895"},"modified":"2023-07-31T17:39:52","modified_gmt":"2023-07-31T21:39:52","slug":"yes-stay-at-home-parents-do-need-life-insurance","status":"publish","type":"post","link":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/yes-stay-at-home-parents-do-need-life-insurance\/","title":{"rendered":"Yes, Stay at Home Parents Do Need Life Insurance"},"content":{"rendered":"
In fact, if the stay at home parent had to be replaced, the costs for hiring multiple individuals to perform his\/her tasks, could be quite high. Especially now during the pandemic, with many parents having to also assist in their children\u2019s education, in addition to providing childcare, cooking, housekeeping, chauffeuring and other tasks. So yes, those parents not leaving the home to go to work, but contributing to the household in many ways, do need life insurance. \u00a0The question then is; how much insurance does that individual need?<\/p>\n
To determine the amount of life insurance that a stay at home parent should have, it is important to factor in what it would cost to replace that person. In other words, how much would be required to pay for:<\/p>\n
Without accounting for chauffeuring children from their after-school activities and play dates to doctor appointments, etc., you can see the numbers add up to between $25,000 to $40,000 and higher. Therefore, at a minimum, families should look for ways to find protection to cover expenses that might have to be incurred with the loss of the stay at home parent.<\/p>\n","protected":false},"excerpt":{"rendered":"
We have all heard talk about how if a stay at home parent were to be paid for all the jobs she\/he does; the salary would be quite high. \u00a0Still, many are under the impression that only the breadwinner needs to be covered by life insurance. That could not be farther from the truth. In… Read more »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts\/1895"}],"collection":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/comments?post=1895"}],"version-history":[{"count":3,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts\/1895\/revisions"}],"predecessor-version":[{"id":3507,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts\/1895\/revisions\/3507"}],"wp:attachment":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/media?parent=1895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/categories?post=1895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/tags?post=1895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}