Does a stay at home parent need life insurance?
Life insurance is an incredible safety net and provides financial support to your loved ones in the event a family provider dies, but the word “provider” doesn’t necessarily just apply to a partner with a job outside the house. Stay-at-home parents who don’t earn income are also providers and need coverage as well. Allow us to explain.
It’s hard to put a price tag on parenting but it’s important to consider the economic value a stay-at-home parent contributes, like caring for children, maintaining the home, and daily transportation. If something unfortunate were to happen, an Allstate life insurance policy from our insurance center serving Santa Monica and Hawthorne can help supplement the cost of childcare and education, allow the other partner to take time away from work, as well as provide assistance with lingering debts or funeral expenses.
How Much Life Insurance Does a Stay-At-Home Parent In Santa Monica & Hawthorne Need?
When it comes to questions about life insurance, stay-at-home-parents in Santa Monica and Hawthorne may be wondering how much coverage they really need. While this can certainly be a concern when a family relies on one income, the answer is that everyone’s needs are different so take the time to consider how many family members you will need to support, your current lifestyle demands, and how long you wish to have coverage.
Life insurance can be unpleasant to think about, but an Allstate life insurance policy from our Santa Monica and Hawthorne insurance center can help give you the peace of mind needed to know your family is protected. Contact us at Sully Insurance Center today to request a quote and discuss the right amount of coverage for you and your family’s needs.