Insure your stay-at-home spouse

Insure your stay-at-home spouse

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Insuring your stay-at-home spouse can seem like a waste of money because he or she doesn’t earn a paycheque that would be lost if tragedy struck. Yet, if they died, you would be left scrambling to cover funeral and other costs during a time of grieving.

Your stay-at-home spouse likely accomplishes a lot in a typical week doing several unpaid jobs. A 2011 Salary.com survey determined the average stay-at home mom “earns” $115,000 a year, working upwards of 100 hours each week in several key roles such as chef, housekeeper, and daycare teacher.

CLICK HERE to read the full article from Advisor.ca. If you have any questions or comments, please be sure to contact Harry Perler.