LifePolicyFactsA stay-at-home parent earns no salary, yet the work does not vanish if they die. Someone must be paid or take time off to cover childcare, cooking, cleaning and driving.
Price the work
Add weekly hours for each task and multiply by a local hourly rate. For example, 49 hours at 18 an hour is 45,864 a year.
Choose the years
Multiply the yearly cost by the years until your youngest child is independent. Then consider extra for funeral costs and time off for the surviving parent.
Run the numbers in the Stay-at-Home Parent Value Calculator.
Frequently asked questions
Is cover for a non-earner expensive?
Term cover on a healthy parent is often modest, but quotes depend on age and health.
Can I buy it later?
You can, but waiting may raise the price.
Educational content only. Not insurance, financial or legal advice.