{"id":11119,"date":"2023-02-09T07:00:52","date_gmt":"2023-02-08T23:00:52","guid":{"rendered":"https:\/\/www.infinitysolutions.com\/?p=11119"},"modified":"2023-05-29T12:36:53","modified_gmt":"2023-05-29T04:36:53","slug":"life-insurance-for-stay-at-home-parents-is-it-necessary","status":"publish","type":"post","link":"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/","title":{"rendered":"Life Insurance For Stay-at-home Parents: Is It Necessary?"},"content":{"rendered":"

You may not be the breadwinner in your family but should you have life insurance anyway? It\u2019s a big yes from us!<\/em><\/p>\n

The hidden cost of a stay-at-home parent<\/strong><\/h2>\n

Have you ever considered just how much it would cost to pay someone to do everything that a stay-at-home parent does?<\/p>\n

Any mum or dad will tell you that they are incessantly changing hats over the course of a day! From cook to nurse, driver to event planner, counselor to stylist\u2026 it\u2019s a varied job that is never done.<\/p>\n

Salary.com carry out an annual Mom Salary Survey (it\u2019s linked to Mother\u2019s Day but could apply equally to stay-at-home dads). They interview thousands of mums to estimate the value of a mother\u2019s work based on real-time market prices of all the different jobs they perform.<\/p>\n

The estimated median annual salary of a stay-at-home parent in 2020-2021?<\/p>\n

$184,820<\/a><\/p><\/blockquote>\n

That\u2019s a lot of money.<\/p>\n

Now imagine someone needing to be paid to do all those jobs because you were no longer around to support your family.<\/p>\n

Salary.com\u2019s calculation includes certain jobs which you wouldn\u2019t necessarily hire someone to do, such as logistics analyst and conflicts manager, but you could very well need to hire a nanny, pay for after-school care, employ a tutor, and engage a driver to take up the slack with only one full-time working parent in a household.<\/p>\n

That\u2019s why we recommend that all families have life insurance<\/a> for both parents, whether they are working or not.<\/p>\n

How much life insurance do stay-at-home parents need? <\/strong><\/h2>\n

As you\u2019re not replacing a salary, it might be difficult to work out just how much life insurance you should take for a stay-at-home parent. These are the questions you should consider:<\/p>\n

How many children do you have?<\/p>\n

How many years will you need childcare for?<\/p><\/blockquote>\n

What precise jobs might you need someone to cover? The list will differ from one household to the next but could include cooking, cleaning, gardening, managing finances, petcare, laundry, tutor, driver etc.<\/p>\n

It\u2019s worth taking some time to think seriously about the help that would be required to keep your children\u2019s lives on an even keel if they lost a parent.<\/p>\n

Getting help to work out your life insurance needs<\/strong><\/h2>\n

Your family\u2019s life insurance needs are unique to your family and should dovetail with your overall financial plan. There are a myriad of different factors to take into consideration which is why it is wise to consult a financial adviser.<\/p>\n

Not only can a professional ensure that you have dotted all the I\u2019s and crossed all the t\u2019s, but they can obtain comparative quotes from a range of providers and point out the differences between policies so that you can make an informed decision on the right policy for you.<\/p>\n

As an independent financial services company with offices across Asia, Infinity works with all the major international insurance providers but is tied to none. Our advice is objective and focused on what is best for you.<\/p>\n

Contact us to discuss your life insurance requirements and protect your family against the unexpected, whatever life throws your way.<\/p>\n","protected":false},"excerpt":{"rendered":"

You may not be the breadwinner in your family but should you have life insurance anyway? It\u2019s a big yes from us! The hidden cost of a stay-at-home parent Have you ever considered just how much it would cost to pay someone to do everything that a stay-at-home parent does? Any mum or dad will…<\/p>\n","protected":false},"author":2,"featured_media":11120,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false},"categories":[3,153,66],"tags":[],"class_list":["post-11119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insurance","category-blog","category-viewpoint","category-3","category-153","category-66","description-off"],"acf":[],"yoast_head":"\nLife Insurance: Is it necessary for stay-at-home parents? | Infinity Financial Solutions<\/title>\n<meta name=\"description\" content=\"You may not be the breadwinner in your family but should you have life insurance anyway? Explore the reasons here why life insurance is needed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Life Insurance: Is it necessary for stay-at-home parents? | Infinity Financial Solutions\" \/>\n<meta property=\"og:description\" content=\"You may not be the breadwinner in your family but should you have life insurance anyway? Explore the reasons here why life insurance is needed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/\" \/>\n<meta property=\"og:site_name\" content=\"Infinity Financial Solutions\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/infinityfinancialsolutions\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-08T23:00:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-29T04:36:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.infinitysolutions.com\/wp-content\/uploads\/life-insurance-for-stay-at-home-parents-is-it-necessary.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Infinity Financial Solutions\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@investmentasia\" \/>\n<meta name=\"twitter:site\" content=\"@investmentasia\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Infinity Financial Solutions\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/\"},\"author\":{\"name\":\"Infinity Financial Solutions\",\"@id\":\"https:\/\/www.infinitysolutions.com\/#\/schema\/person\/a2ccb82ec7b4b1e79d5d970a104927ac\"},\"headline\":\"Life Insurance For Stay-at-home Parents: Is It Necessary?\",\"datePublished\":\"2023-02-08T23:00:52+00:00\",\"dateModified\":\"2023-05-29T04:36:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/\"},\"wordCount\":540,\"publisher\":{\"@id\":\"https:\/\/www.infinitysolutions.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.infinitysolutions.com\/wp-content\/uploads\/life-insurance-for-stay-at-home-parents-is-it-necessary.jpg\",\"articleSection\":[\"Insurance\",\"Blog\",\"Viewpoint\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/\",\"url\":\"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/\",\"name\":\"Life Insurance: Is it necessary for stay-at-home parents? | Infinity Financial Solutions\",\"isPartOf\":{\"@id\":\"https:\/\/www.infinitysolutions.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.infinitysolutions.com\/wp-content\/uploads\/life-insurance-for-stay-at-home-parents-is-it-necessary.jpg\",\"datePublished\":\"2023-02-08T23:00:52+00:00\",\"dateModified\":\"2023-05-29T04:36:53+00:00\",\"description\":\"You may not be the breadwinner in your family but should you have life insurance anyway? Explore the reasons here why life insurance is needed.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/#primaryimage\",\"url\":\"https:\/\/www.infinitysolutions.com\/wp-content\/uploads\/life-insurance-for-stay-at-home-parents-is-it-necessary.jpg\",\"contentUrl\":\"https:\/\/www.infinitysolutions.com\/wp-content\/uploads\/life-insurance-for-stay-at-home-parents-is-it-necessary.jpg\",\"width\":750,\"height\":500,\"caption\":\"Happy family having fun time at home. Parents child love concept.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.infinitysolutions.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Life Insurance For Stay-at-home Parents: Is It Necessary?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.infinitysolutions.com\/#website\",\"url\":\"https:\/\/www.infinitysolutions.com\/\",\"name\":\"Infinity Financial Solutions\",\"description\":\"Infinity specialises in providing superior financial planning solutions to expatriates throughout Asia and across the world.\",\"publisher\":{\"@id\":\"https:\/\/www.infinitysolutions.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.infinitysolutions.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.infinitysolutions.com\/#organization\",\"name\":\"Infinity Solutions\",\"url\":\"https:\/\/www.infinitysolutions.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.infinitysolutions.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.infinitysolutions.com\/wp-content\/uploads\/infinity-solutions-logo-no-tagline-200x57.png\",\"contentUrl\":\"https:\/\/www.infinitysolutions.com\/wp-content\/uploads\/infinity-solutions-logo-no-tagline-200x57.png\",\"width\":200,\"height\":57,\"caption\":\"Infinity Solutions\"},\"image\":{\"@id\":\"https:\/\/www.infinitysolutions.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/infinityfinancialsolutions\",\"https:\/\/x.com\/investmentasia\",\"https:\/\/twitter.com\/investmentasia\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.infinitysolutions.com\/#\/schema\/person\/a2ccb82ec7b4b1e79d5d970a104927ac\",\"name\":\"Infinity Financial Solutions\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.infinitysolutions.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19bd93e3f8e408d8b46efaf842f367410aeba6accb118db4d6e32ff12bcdd882?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19bd93e3f8e408d8b46efaf842f367410aeba6accb118db4d6e32ff12bcdd882?s=96&d=mm&r=g\",\"caption\":\"Infinity Financial Solutions\"},\"description\":\"A leading provider of expat financial services and wealth management services across Asia.\",\"url\":\"https:\/\/www.infinitysolutions.com\/author\/infinity\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Life Insurance: Is it necessary for stay-at-home parents? | Infinity Financial Solutions","description":"You may not be the breadwinner in your family but should you have life insurance anyway? Explore the reasons here why life insurance is needed.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/","og_locale":"en_US","og_type":"article","og_title":"Life Insurance: Is it necessary for stay-at-home parents? | Infinity Financial Solutions","og_description":"You may not be the breadwinner in your family but should you have life insurance anyway? Explore the reasons here why life insurance is needed.","og_url":"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/","og_site_name":"Infinity Financial Solutions","article_publisher":"https:\/\/www.facebook.com\/infinityfinancialsolutions","article_published_time":"2023-02-08T23:00:52+00:00","article_modified_time":"2023-05-29T04:36:53+00:00","og_image":[{"width":750,"height":500,"url":"https:\/\/www.infinitysolutions.com\/wp-content\/uploads\/life-insurance-for-stay-at-home-parents-is-it-necessary.jpg","type":"image\/jpeg"}],"author":"Infinity Financial Solutions","twitter_card":"summary_large_image","twitter_creator":"@investmentasia","twitter_site":"@investmentasia","twitter_misc":{"Written by":"Infinity Financial Solutions","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/#article","isPartOf":{"@id":"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/"},"author":{"name":"Infinity Financial Solutions","@id":"https:\/\/www.infinitysolutions.com\/#\/schema\/person\/a2ccb82ec7b4b1e79d5d970a104927ac"},"headline":"Life Insurance For Stay-at-home Parents: Is It Necessary?","datePublished":"2023-02-08T23:00:52+00:00","dateModified":"2023-05-29T04:36:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/"},"wordCount":540,"publisher":{"@id":"https:\/\/www.infinitysolutions.com\/#organization"},"image":{"@id":"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/#primaryimage"},"thumbnailUrl":"https:\/\/www.infinitysolutions.com\/wp-content\/uploads\/life-insurance-for-stay-at-home-parents-is-it-necessary.jpg","articleSection":["Insurance","Blog","Viewpoint"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/","url":"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/","name":"Life Insurance: Is it necessary for stay-at-home parents? | Infinity Financial Solutions","isPartOf":{"@id":"https:\/\/www.infinitysolutions.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/#primaryimage"},"image":{"@id":"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/#primaryimage"},"thumbnailUrl":"https:\/\/www.infinitysolutions.com\/wp-content\/uploads\/life-insurance-for-stay-at-home-parents-is-it-necessary.jpg","datePublished":"2023-02-08T23:00:52+00:00","dateModified":"2023-05-29T04:36:53+00:00","description":"You may not be the breadwinner in your family but should you have life insurance anyway? Explore the reasons here why life insurance is needed.","breadcrumb":{"@id":"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/#primaryimage","url":"https:\/\/www.infinitysolutions.com\/wp-content\/uploads\/life-insurance-for-stay-at-home-parents-is-it-necessary.jpg","contentUrl":"https:\/\/www.infinitysolutions.com\/wp-content\/uploads\/life-insurance-for-stay-at-home-parents-is-it-necessary.jpg","width":750,"height":500,"caption":"Happy family having fun time at home. Parents child love concept."},{"@type":"BreadcrumbList","@id":"https:\/\/www.infinitysolutions.com\/blog\/life-insurance-for-stay-at-home-parents-is-it-necessary\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.infinitysolutions.com\/"},{"@type":"ListItem","position":2,"name":"Life Insurance For Stay-at-home Parents: Is It Necessary?"}]},{"@type":"WebSite","@id":"https:\/\/www.infinitysolutions.com\/#website","url":"https:\/\/www.infinitysolutions.com\/","name":"Infinity Financial Solutions","description":"Infinity specialises in providing superior financial planning solutions to expatriates throughout Asia and across the world.","publisher":{"@id":"https:\/\/www.infinitysolutions.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.infinitysolutions.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.infinitysolutions.com\/#organization","name":"Infinity Solutions","url":"https:\/\/www.infinitysolutions.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.infinitysolutions.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.infinitysolutions.com\/wp-content\/uploads\/infinity-solutions-logo-no-tagline-200x57.png","contentUrl":"https:\/\/www.infinitysolutions.com\/wp-content\/uploads\/infinity-solutions-logo-no-tagline-200x57.png","width":200,"height":57,"caption":"Infinity Solutions"},"image":{"@id":"https:\/\/www.infinitysolutions.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/infinityfinancialsolutions","https:\/\/x.com\/investmentasia","https:\/\/twitter.com\/investmentasia"]},{"@type":"Person","@id":"https:\/\/www.infinitysolutions.com\/#\/schema\/person\/a2ccb82ec7b4b1e79d5d970a104927ac","name":"Infinity Financial Solutions","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.infinitysolutions.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/19bd93e3f8e408d8b46efaf842f367410aeba6accb118db4d6e32ff12bcdd882?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/19bd93e3f8e408d8b46efaf842f367410aeba6accb118db4d6e32ff12bcdd882?s=96&d=mm&r=g","caption":"Infinity Financial Solutions"},"description":"A leading provider of expat financial services and wealth management services across Asia.","url":"https:\/\/www.infinitysolutions.com\/author\/infinity\/"}]}},"_links":{"self":[{"href":"https:\/\/www.infinitysolutions.com\/wp-json\/wp\/v2\/posts\/11119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.infinitysolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infinitysolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infinitysolutions.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infinitysolutions.com\/wp-json\/wp\/v2\/comments?post=11119"}],"version-history":[{"count":6,"href":"https:\/\/www.infinitysolutions.com\/wp-json\/wp\/v2\/posts\/11119\/revisions"}],"predecessor-version":[{"id":11404,"href":"https:\/\/www.infinitysolutions.com\/wp-json\/wp\/v2\/posts\/11119\/revisions\/11404"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infinitysolutions.com\/wp-json\/wp\/v2\/media\/11120"}],"wp:attachment":[{"href":"https:\/\/www.infinitysolutions.com\/wp-json\/wp\/v2\/media?parent=11119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infinitysolutions.com\/wp-json\/wp\/v2\/categories?post=11119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infinitysolutions.com\/wp-json\/wp\/v2\/tags?post=11119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}