Understanding the Stay-at-Home Parent's Financial Contribution

The complexities of maintaining a home and caring for dependents—children and/or elderly parents—and the current employment situation have led many two-income families to downsize to one income. Although the adjustment to less monthly income can be difficult at first, the benefits to your family's lifestyle can outweigh the loss of income. And sometimes forgoing hefty child-care or dependent-care expenses can save your family money.

A stay-at-home parent's contributions—such as child care, transportation, cooking, cleaning, and household maintenance—shouldn't be viewed as less significant just because they don't come with a paycheck. If the stay-at-home parent were to die, the surviving spouse or other family members would need to afford the various services provided.

If you're in this situation, consider purchasing a life insurance policy to protect your family. There are affordable options that can help you replace the loss of income or leave a lifetime legacy.

Use our Life Insurance Needs Estimator calculator to determine the amount of coverage your family requires.

The Prudential Insurance Company of America, Newark, NJ