Fitness, Fiscally Speaking – Does A Stay-At-Home Spouse Need Life Insurance?

10-17-2015 10-41-25 AMAbsolutely. While a non-employed spouse might not bring home a literal paycheck, he or she is most likely still working hard, especially if you have children. Most stay-at-home parents are on the go from dawn till dusk: cooking, cleaning, paying bills, running errands, taking the kids to and from activities, making home repairs, helping with homework and other minor crises.

Consider how much a stay-at-home parent does in the course of a day – and how much it might cost to pay someone else to do those jobs.

According to, a stay-at-home parent works an average of 96.5 hours a week do the the jobs of:

• Nanny
• Tutor
• Handyperson
• Chauffeur
• Gardener
• Psychologist
• Cook
• Nurse
• Housekeeper
• Bookkeeper

If you paid for all of those services, you’d have to shell out $118,905 a year – that’s $38,126 in base salary and $80,779 in overtime.

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While nothing can replace a parent and spouse emotionally, it’s wise to protect against the financial hardship that the loss of a stay-at-home spouse could bring. One of the best ways to do that is by purchasing life insurance.

Term life insurance is one of the most affordable kinds of life insurance available, and can be purchased for a period of time (like while your kids are still in school or until the mortgage is paid off).

Not sure how much life insurance to purchase?
Contact your financial professional to review your specific situation and see what you can do to protect your family’s future.

You can also use AXA’s Life Insurance Calculator on to see how much coverage you might need, based on your age and income (or the value of the services you provide, if you stay home).

Please be advised that this document is not intended as legal or tax advice. Accordingly, any tax information provided by this document is not intended or written to be use, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. The tax information was written to support the promotion or marketing of the transaction(s) or matter(s) addressed and you should seek advice based on your particular circumstances from an independent tax advisor. AXA Advisors, LLC and AXA Network, LLC do not provide tax advice or legal advice. This article is provided by Wayne Kuykendall. Wayne Kuykendall offers securities through AXA Advisors, LLC (member FINRA, SIPC) 105 South Marion Street Suite 202 Athens AL 35611 and offers annuity and insurance products through an insurance brokerage affiliate, AXA Network of Alabama and its affiliates.
By: Wayne D. Kuykendall – Content courtesy of AXA Advisors
105 South Marion Street
Suite 202
Athens AL 35611
(256) 777-4524

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