How much life insurance does a stay-at-home parent need?

Stay-at-home parents often provide substantial financial value to a family even though they don’t bring in a paycheck. So the loss of a stay-at-home parent can mean a large financial hit.

Life insurance can be used to cover the “replacement services” for a person. To calculate this, consider what you’d have to pay others to do tasks such as house cleaning and babysitting. This number is the life insurance need of a stay-at-home parent