A lot of us assume that the only people who need life
insurance are the breadwinners of the family.
The person who brings home a paycheck that would need to be replaced if
they were to pass away. But this simply
isn’t true!
If you’re a single-income family, you also need to consider
life insurance for the stay-at-home parent in your household. Why?
Well even if they aren’t bringing in a regular paycheck,
the stay at home parent is contributing in many ways - and those costs add up!
Salary.com’s annual survey assessed that the base salary of
a stay at home mom comes to $48,509 with an additional $94,593 in overtime
pay! Stay at home parents are in charge
of child care, housekeeping, daily cooking, shopping, and many other household
tasks.
If they were to die, the working parent would still need to
work, but would also have to afford child care and take on ALL of those
household jobs. It would be extremely
tough, especially after a terrible loss.
This is where good life insurance comes in. With the right coverage, the surviving spouse
could afford the help they needed in a difficult situation. Plus, they could arrange to take time away
from work as needed so that they could be there for their children.
Unsure of how much coverage your family needs? Let us help.
We’ll review your current household income and how much coverage would
protect your family as well as your stay at home parent. Call us today at 703-556-7857 for a free no-obligation review
and quote.
Please check out our website at www.fowlkesinsurancesrvc.com
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