• Home
  • Our Agency ›
    • About ›⤵
      • About
      • Meet Our Team
      • Our Locations
      • Our Reviews
      • Press Releases
    • Request Certificate of Insurance
    • Companies We Represent
    • Contact Us ›⤵
      • Contact Us
      • McLean Office
      • Alexandria Office
  • Products ›
    • Products
    • Home & Auto Insurance
    • Auto Insurance ›⤵
      • Auto Insurance
      • Liability Coverage
      • Comprehensive Coverage
      • Collision Coverage
      • Uninsured & Underinsured Motorist Coverage
      • Diminishing Deductible
      • Accident Forgiveness
      • Minor Violation Forgiveness
      • Roadside Assistance
      • Classic Auto Insurance
      • 24-Hour Customer Service
      • Rental Reimbursement
      • SR-22 Insurance
      • Towing
      • Personal Injury Protection (PIP)
      • Medical Payments Coverage
    • Home Insurance ›⤵
      • Home Insurance
      • High Value Home Insurance
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Condo Insurance
      • Mobile Home Insurance
      • Scheduled Property Insurance
      • Flood Insurance
      • Landlords Insurance
      • In-Home Business Insurance
    • Other Personal Insurance ›⤵
      • Other Personal Insurance
      • Collectible Insurance
      • Identity Theft
      • Jewelry Insurance
      • Personal Umbrella Insurance
      • Pet Insurance
      • Data Backup
    • Life Insurance ›⤵
      • Life Insurance
      • Individual Life Insurance
      • Group Life Insurance
      • Long-Term Care Insurance
      • Mortgage Protection Insurance
      • Disability Insurance
      • Second-To-Die Policy
      • Key Person (Key Men) Insurance
    • Recreational Vehicle Insurance ›⤵
      • Recreational Vehicle Insurance
      • Boat Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • ATV Insurance
      • Snowmobile Insurance
    • Industry Specific Insurance ›⤵
      • Industry Specific Insurance
      • Accounting Firm Insurance
      • Alarm Contractors Insurance
      • Builders Risk Insurance
      • Commercial Real Estate
      • Contractors Insurance
      • Construction Insurance
      • Consulting Firm Insurance
      • Specialty Trade Contractors Insurance
      • Craft Brewery Insurance
      • Healthcare Practice Insurance
      • HVAC Contractors Insurance
      • Landscaping Insurance
      • Law Firm Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Media & Advertising Insurance
      • Personal Trainer Insurance
      • Printers & Publishers Insurance
      • Real Estate Businesses Insurance
      • Restaurant Insurance
      • Retail Insurance
      • Snow Plow Insurance
      • Plumbing Contractors Insurance
      • Rideshare Insurance
      • Specialized Truck Equipment Insurance
      • Vacation Rental Property Insurance
      • Technology Services Insurance
    • Business Insurance ›⤵
      • Business Insurance
      • Loss Control Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Umbrella Insurance
      • Cyber Liability Insurance
      • Crime Insurance
      • Home Office Insurance
      • Inland Marine Insurance
      • Professional Liability
      • Workers Compensation
      • Bonds
      • Fidelity Bonds
      • Small Business Insurance
      • Small Business Liability Insurance
      • Surety Bonds
  • Contact Us ›
    • Contact Us
    • McLean Office
    • Alexandria Office
    • Locations & Hours
  • Resources›
    • Business Affiliates
    • Get Your Flood Risk Score
    • Insurance Glossary
  • News and Updates ›
    • News and Updates
  • Blog ›
    • Blog
  • Get a Quote
Call Us 703-823-8800 ☰ ˟
Kinneman Insurance Logo
Call Us Today 703-823-8800
Home > Blog > Life Insurance for Stay At Home Spouse?
THURSDAY, JULY 21, 2022

Life Insurance for Stay At Home Spouse?

 We all think of life insurance as a way to replace household income in the event of the loss of a spouse or partner.   Typically, life insurance covers the income of the working spouse(s).   But what about a stay-at home spouse?  Should you consider the costs or value of all work that they perform? Father reading to baby

 

The answer is yes.   Equally important to maintaining the income of a household are the contributions of a stay-at-home spouse.  In addition to the emotional support, which is invaluable and irreplaceable, these spouses provide significant support to their families’ financial health.   The stay- at-home spouse is typically responsible for childcare, including the care of a sick child or one with special needs, household maintenance, errands, transportation, lawn care, meal preparation and more. Some studies have estimated the cost of retaining such services is as high as $175,000 per year annually.    Childcare expenses alone average $11,000 to $29,000 per year and the costs are only rising.   The time and expense of providing transportation to and from school and outside activities also adds up and increases with the number of children in a household.  Management of a home requires cleaning, repairs, maintenance, and coordination, particularly if the income earner works long hours, including weekends, or travels.   Entertaining is another aspect of the innumerable responsibilities that often fall to the stay- at- home partner. 

 

Determining how much life insurance you may need depends on the situation.   There is no one size fits all.  Some important considerations include age, whether you expect to work outside the home at some point, the number of children and their ages, whether the children are in school or need day care, the size of your home and whether you will need a housekeeper, someone to prepare meals, or manage the day-to-day activities. 

 

While these questions are difficult to consider, planning today will help protect your family in the future.   

 

 

Posted 11:00 AM

Tags: life insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • home insurance(12)
  • business insurance(10)
  • auto insurance(7)
  • insurance(7)
  • business(5)
  • car insurance(5)
  • #insurance(4)
  • life insurance(4)
  • policy(3)
  • homeowners insurance(3)
  • coverage(3)
  • owners(2)
  • bop(2)
  • commercial(2)
  • commercial insurance(2)
  • umbrella insurance(2)
  • liability(1)
  • whole life insurance(1)
  • flood insurance(1)
  • #condoinsurance(1)
  • #homeinventory(1)
  • cyber security(1)
  • general liability insurance(1)
  • #totalloss(1)
  • vintage vehicles(1)
  • #carinsurance(1)
  • personal and advertising injury(1)
  • #acv(1)
  • accident(1)
  • #diamond(1)
  • homeowners(1)
  • #car value(1)
  • #masterpolicy(1)
  • #rentalcar(1)
  • #buyingcarinsurance(1)
  • windshield repair scams(1)
  • claims(1)
  • auto(1)
  • #depreciation(1)
  • car(1)
  • term life insurance(1)
  • #flood(1)
  • #guaranteed value(1)
  • #water(1)
  • #jewlery(1)
  • classic car insurance(1)

View Mobile Version

Contact Us Today


Send us a Message
Kinneman Insruance

Alexandria Office
50 S Pickett St No. 20-A
Alexandria, VA 22304

703-823-8800
McLean Office
1301 Vincent Pl.
McLean, VA 22101

703-356-8155

Important Links
Meet the Team
Blogs
Carriers

© Copyright 2021. All rights reserved | Powered by Insurance Website Builder