Weekend Insurance Tip: Decide if You Want to Devote Yourself Full-Time to Your Surviving Children

Many families now know that life insurance is important for both parents in a one income household. Unfortunately though, most families just minimally insure the stay-at-home spouse. The family feels the minimal insurance they have would be sufficient to take care of the basic tasks performed by the stay-at-home parent, at least until the youngest child was out of school.

But what about the child's emotional loss from their deceased stay-at-home parent? Can hired help really take care of those needs? What if the working parent realized they needed to be the stay-at-home parent for a while... would there be enough life insurance to cover the working parent's lost wages?