Tuesday 23 February 2021

Does a stay-at-home mum need life insurance?

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Being a stay-at-home mum can be considered one of the world’s toughest jobs. Apart from being responsible for your child’s life, there are many other crucial roles played by these superheroes to help keep a family whole. On a daily basis, they feed and care for the children, clean their clothes, organise the house… the list is endless.

However, when assessing stay-at-home mums’ insurance needs, their true value is often overlooked. Just because they don’t bring home a paycheck doesn’t mean that they are not valuable.

So, does a stay-at home mum need life insurance?

To some, life insurance for stay-at-home mums may seem unnecessary based on the fact that if the inevitable happens, the family would not miss any recurring paycheck or incur any immediate financial costs besides her funeral expenses.

But have you stopped to imagine how much it would cost to pay for all the services the mum provides? The impact of her loss is not only emotionally shocking but also financially devastating for the whole family.

So yes, stay-at-home mums too need life insurance. This is because they are not only valuable to the household but also provide tons of unpaid work. Research shows that the average mother spends nearly 40 hours every week engaging with her kids, over five hours doing laundry and house chores and more than ten hours cooking.

In this article, we look at some of the reasons why stay-at-home mums need coverage.

Pay for child care

A huge and long-term expense that your family will have to incur upon your demise as a mum is childcare expenses.

Hiring a nanny to look after your infant will set you back hundreds of pounds each week. Taking your child to a daycare center won’t be cheap either depending on where you live. A father whose job requires a lot of late night hours or travelling will be hit hard by your loss. Extended care especially during night hours can quickly deplete your family’s saving account.

Luckily, a life insurance policy can soften this financial blow by helping your loved ones pay for the extra expenses should you depart.

Pay for your child’s education

For families that prefer to homeschool their children, this role is usually assumed by the mum. Should you pass away, your children lose their teacher.

If you want your children to stay away from public schools, the cost of a private tutor or schooling should be a consideration when looking for life insurance. As a family, it’s important that you plan and decide who will teach the kids should the inevitable happen.

Pay for household expenses

Stay-at-home mums do more than just provide child care and educate children. They are homemakers. They keep the home running by doing laundry, cooking, doing grocery shopping and cleaning the house.

If you passed away unexpectedly, who would take care of these household chores? Not only will your husband and children have so much to deal with logistically and emotionally, but they will also require a lot of support to help keep the home running.

Paying someone to help with household chores and ordering takeout can be quite expensive. The good news is that life insurance benefits can help pay for such expenses while your family grieves and adjusts.

Leave an inheritance for your kids

As a parent, there is only so much you can give your child. The wedding of their dreams, capital to start a business or their first car.

You can do even more with a life insurance policy. This cover enables you to leave an inheritance for your kids to give them an advantage in life when they are all grown up.

Help cater for your funeral expenses

Funerals can be quite an expense especially if death strikes abruptly. Combine this with the cost of child care, household expenses and education and you see why your loss can cause a significant financial setback for your family.

By taking out life insurance, you can spare your family from using the little savings they have to pay for your funeral expenses.


There’s a possibility you will live long enough to see your grandchildren and probably even your great grandchildren. On the flipside, you could be gone in a flash. That’s the harsh reality of life.

This is why taking out life insurance policy makes so much sense. Look for a plan that is compatible with your family’s budget. It will give you the much-needed peace of mind knowing that should the inevitable happen, your family is well protected.


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