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September Client Newsletter Thumbnail

September Client Newsletter

The Value of Covering a Stay-at-Home Spouse with Life Insurance My client was an engineer, on his way to partner, at his firm. Talking with his wife about insurance, he did not see the value of covering his wife, who was a stay-at-home mother. “Why do I need that?” he asked. “She doesn’t make any money staying at home.” If you Google it, the average stay-at-home parent is worth about $110,000 a year, depending on what article you read. In our practice, we talk about buying insurance on a stay-at-home parent to protect the other parent’s career. If something happens to him or her, I always ask, “Do you want to have a choice to work or stay home?” Life insurance gives you a choice.

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