Life insurance can benefit stay at home mums

There will be people who will argue that life insurance should only be sold to people who contribute to the household income, and will not benefit those who do not earn any money, but we think they’re wrong. As the old saying goes, time is money, and those parents who stay at home and take care of children during the day are worth a lot more than many people understand.

A stay at home mum who died when their children were aged 1 and 3 for example, would be providing a whole day of child care for one of their children, and half a day of child care for the second. Over just one year, that would be worth around £10,000 in childcare costs alone, and because without that stay at home mum, the children would need to go into child care during the day, suddenly a lump sum payment from a life insurance policy would provide a huge boost to the family’s finances.

Life insurance really can benefit the families of anyone, regardless of what they do for a living, and makes life easier at a difficult time for the family.

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