Stay-At-Home Parents Need Life Insurance, Too

Posted by Pekin Insurance on Sep 24, 2018

Stay-at-home parents are valuable in countless ways.

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They cook, clean, and take care of the kids during the day. You can't put a price on the love they give, but some stay-at-home parents don't insure their lives.   
Because it’s Life Insurance Awareness Month, stay-at-home parents should know that they provide up to six figures worth of valuable services, and they should protect their efforts and families with Life Insurance. 

Six-Figure Salaries  

According to, a stay-at-home mom would earn a $162,581 salary if she received a paycheck for the roles she might fill: 

  • Academic advisor
  • Accountant
  • Chef
  • Dietician
  • Housekeeper 
  • Facilities director
  • Laundry manager
  • Nurse
  • Photographer
  • Teacher
  • And more  

It might not cost you exactly $162,581 to replace these services, but it also wouldn't be cheap by any means. Keep in mind this is a statistical projection, and you could apply this estimate to fathers who tend to the household, as well. 

The Cost of Child Care  

Life Insurance conversations revolve around big-ticket items: retirement, mortgages, college tuition, car payments, final expenses, and general debt. You should add child care to the mix, because it’s a cost that quickly adds up.

In this case, "child care" is defined as the care or supervision of a child or children. When both parents are employed full-time, they often turn to third parties for child care. 
According to, this option puts financial strain on families because:  

  • 1 in 3 families spend 20% or more of their household income on child care.
  • 72% of parents budget for child care, yet 30% are unable to stay within their monthly budget.
  • The average cost of center-based day care for infants is about $10,468 per year, and this cost ranges from $6,605 to $20,209.
  • The average cost of center-based day care for toddlers is about $9,733, and this cost ranges from $8,043 to $18,815.
  • The average cost of a nanny who cares for a single child is $28,905, and this cost ranges from $27,019 to $32,677.

The Cost of Cleanin estimates the cost of professional cleaning services as $25 to $35 per hour.   This rate varies according to: 

  • How often the home is cleaned.
  • The size of the home.
  • The skill and experience of the cleaner(s).

According to Molly Maid's House Cleaning Checklist, it takes: 

  • Seven steps to clean a kitchen.
  • Five steps to clean a bedroom.
  • 24 steps to clean a bathroom.
  • Three steps to clean a living room.

It could take 39 steps to clean a home, and the Molly Maid checklist doesn't mention garages or basements. Also consider multi-bedroom and multi-bathroom homes and how much longer it takes to clean them. This creates a lot of work for a stay-at-home parent.  

Start the Conversation 

There's no one-size-fits-all approach for determining the worth of services provided by a stay-at-home parent. However, there’s no debating that families of stay-at-home parents deserve the protection of Life Insurance.


September is Life Insurance Awareness Month. Show your loved ones how much you care by contacting your local Pekin Insurance agent and asking about Life Insurance.



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