This month's Insurance Minute

Long Term Care Planning its Time to Start 
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Do Work At Home Moms Need Life Insurance?

 

Nobody needs to tell me the value of a work at home mom and wife! However, since these women do not usually generate an actual income, many families do not think the spouse needs life insurance. They figure that the only reason to get covered is to make sure a family can replace actual income. However, they may be missing the true value of the work that mom does, or the security that a policy can provide.

 

A recent article from Forbes estimates that stay at home moms would be paid salaries over $100,000 if they actually got paid!  If your family had to replace the car pool driver, tutor, home maker, cook, shopper, etc. in your family, how hard would that be? Sure, you may be able to get family or friends to pitch in and help, but you cannot rely on free services to replace all the chores that a stay at home parent does.

 

If the income generating parent is still at work, who will plan meals, go grocery shopping, make sure the kids get to school, help with home work, and keep cob webs off the light fixtures? I assume that some of these services will have to be replaced. This is always a lot more expensive and complex that anybody who is not responsible for these tasks ever thinks!

 

A Knights of Columbus life insurance policy can help with these expenses.  Contact your local field agent  today for a free analysis of your family’s needs in the event of death.

 

                                         Bob Sheil

513-254-7373

rfsheil@hotmail.com