When most people think about buying life insurance from Grove Insurance Agency, they usually believe it is only working parents’ need. The truth? Even stay-at-home parents have value in the family, and their loss would cause tremendous hardship.
If you have kids in Brownsburg, IN, you need coverage to protect your whole family. Here are three reasons why stay-at-home parents need life insurance.
1. Additional Help with Childcare and Household Tasks
Think about this for a minute. If the stay-at-home parent in your family were to pass away suddenly, how would you pay for childcare? Would you need someone to come in and assist with additional household tasks? With more children engaging in virtual learning, who would supervise this, and would you have to hire a tutor? Having life insurance can help with these added costs.
2. Time Off from Work
After the death of a spouse, there’s a good chance that you’ll need to take time off from work to grieve and help your family make the transition into this new phase in your lives. But how much of a dip in income will this cause? Life insurance for the stay-at-home parent can help fill in the income gap during this time off and pay for everyday household expenses.
3. A Legacy for Your Children
Of course, one of the main reasons people buy life insurance is to help leave their children’s legacy. Proceeds from life insurance on a stay-at-home parent can be used for college funds, savings accounts, or even paying off a mortgage to ensure the family always has a roof over their heads.
Are you ready to learn more about how life insurance can protect your family from the unexpected? Please contact our team at Grove Insurance Agency in Brownsburg, IN today to schedule an appointment.