The importance of Life Insurance for stay at home parents

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Why life insurance for stay at home parents is worth thinking about?

The job of a stay at home parent is one of the hardest. An average day may consist of being a nurse, cleaner, taxi driver, PA, housekeeper, cook and everything else you could possibly think of. With this being one of, if not the most important role in the household have you thought about how the family would cope if you lost this person? It’s something none of us wants to think too much about but it would be good to know if something happened your family would have the protection it deserves.

Why stay at home Mums and Dads need Life Insurance?

When it comes to Life Insurance many families would think that the only person in the family that needs it is the breadwinner as that’s the main income into the household. This is because that income will put food on the table and pay for bills and even cover the mortgage payments. This is obvious that this family member needs like insurance but you could be making a big mistake if you don’t also cover the family member that stays at home. The reason a stay at home parent needs Life Insurance is that if something did happen to them the working hours of the other person would have to be reduced to do more around the house or pay someone to do those jobs which is going to cost more money.

If stay at home parents earned a salary how much would it be?

Have you ever thought about how much a stay at home parent would earn to do everything from a pro-Lego tidier to an amazing sandwich maker? Why not just take a second to think about it now all the different roles that person does in a single day and the hours they spend doing it. On average a stay at home person could be earning a salary of £20,000+ for everything they do. Replacing a parent is impossible, but a payout, because that person had Life Insurance, could seriously help the family with what could be their new day to day costs.

Term Life Insurance might work for you

So you already have Life Insurance for the breadwinner in the family but if you can afford it you should seriously think about getting Life Insurance for both parents in the family. This is especially important if your children are young. Term Insurance might be the way forward for you as you can choose the length of time you want to be covered for, this could be until your youngest turns 21 and if you were to die in this time your policy would pay out.

For more information on Term Life Insurance click here.

Critical illness cover is something you should think about

Many people when taking out Life Insurance also take out Critical Illness Cover at the same time. Critical Illness cover pays out a tax-free lump sum of money if you were diagnosed with a critical illness, this could be something like cancer.

For more information on Critical Illness Cover click here

It's peace of mind

As many parents know it’s not nice to think about the unthinkable so taking out Life Insurance should give you that peace of mind that if anything did happen your loved ones would be protected and looked after. Plus once it’s all sorted you can go back to enjoying being a parent and that feeling of standing on a Lego brick or a toy car.

Where we come in...

We know stay at home parents have the busiest job in the world so here at Quick Quote Protect, we take the hard part out of getting Life Insurance. We have a team of expert advisers who are ready to help you with your new policy and getting the right cover that suits you and your loved ones. Why not give us a call now and see your options and how affordable Life Insurance really is.