How Much Life Insurance Do You Need For Stay At Home Mom or Parent?

With the arrival of our second child, my wife and I have revisited how much life insurance we need.

Then we had our third son, and she quit her job, so now we’re trying to determine the amount that we need on her to make us comfortable.

We’re very fortunate in the sense that her parents live close to us and are willing to watch our kids when we need them.

Any parent can easily recognize what a great economic benefit that is, in addition to an emotional benefit.  Some parents either need to stay at home to raise their children or they choose to.

For those that do decide to be a stay at home parent, that doesn’t mean that life insurance is not needed for them.

Stay at home parents are often multi-taskers who cook, clean, do the laundry, pay the bills, go grocery shopping and more yet they are traditionally undervalued. My wife even helps with my blog and edits my videos! 

Imagine how much money a stay at home parent would make if they were paid for their work.

According to a recent study by, the average stay at home mother in the United States works 96.6 hours each week for 2011, on average, this is an annual compensation of $115,432.  You can argue if this amount is really in the ballpark.  Even half that amount would have a significant impact on many households.


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