When our third child was born 2 years ago my husband and I made the decision that it was no longer cost effective for me to continue to go to work, and that it would be in the best interest of our entire family for me to stay at home with our children. This meant having to adjust to the life of a one income family and new budgeting plans. That also meant that other than the small “spouse” life insurance policy that my husband’s employer offers I was left with no real life insurance. While my husband has a decent policy through work, if something was to happen to me there would definitely be some financial hardships trying to replace the things that I took care of in the home. From child care to house keeping and cooking.
While I was doing some research on what the best path to life insurance would be for me and my family I came across this article in Forbes that really hit on a bunch of key points that I am truly concerned about.
Luckily Genworth helped to make this easy for me. The budget Calculator helped my husband and I figure out not only what we could afford but also what would be the best for our family and our future. Now that I fully understand the impact having the right life insurance can have on relieving stressed in my life I encourage ALL stay at home moms to think about your needs as a family. Think about the struggles that can occur if something was to happen to you. Your childrens primary care taker. Your spouse already has enough to worry about. Money shouldn’t be one of them.
Tailor Made Momma Disclosure: Article written using Genworth Financial Educational Resources