--- title: Valuing a Stay-At-Home Parent description: Many parents are opting to stay at home to raise the kids and some couples are left to answer – should a stay-at-home parent have life insurance? --- [![Empire Life logo](https://blog.empirelife.ca/hs-fs/hub/322854/file-368300927.jpg?width=189&name=file-368300927.jpg "Empire Life logo")](https://blog.fastandfull.ca) # INSURING WITH CARE™ BLOG [Français](https://blog.fastandfull.ca/fr) ## [Valuing a Stay-At-Home Parent](https://blog.empirelife.ca/old/valuing-a-stay-at-home-parent) Posted by [Allison Barton](https://blog.empirelife.ca/old/author/allison-barton) May 9, 2015 7:30:00 AM ![Child kissing mom](https://blog.empirelife.ca/hs-fs/hubfs/Blog_images/Valuing_a_Stay-At-Home_Parent/Child_kissing_mom.jpg?width=650&name=Child_kissing_mom.jpg "Child kissing mom") Although it may be more common to see two income Canadian families, many parents are opting to stay at home to raise the kids.The decision to stay at home is usually contemplated when the kids are quite young, and typically, after the second or third child comes along. Then it becomes the financial trade-off decision whether to spend money on daycare or learn how to stretch having only one income in the household.  Given that it’s Mother’s Day, let’s take time to stop and consider the value that Mom contributes to the family when she is the stay-at-home parent. We know that even though she is not earning a salary, she is still contributing to the family, but until we really consider the replacement value of not having these important activities taken care of – childcare, transportation, cleaning, cooking, tutoring, etc – Mom’s value is typically underestimated. Check out the infographic below, or the interactive version [here](https://magic.piktochart.com/output/5998693-mothers-day-moms-worth).  ### What about life insurance? Families with one income often need to look at where they’re spending their money to ensure that all of their obligations are met. The question that some couples are left to answer is – should we insure a stay-at-home parent? It’s clear from the infographic that a stay-at-home parent has a lot of value and that there are many activities that they do every day that would cost money to replace. If a stay-at-home parent were to suddenly pass away, how could a family continue with their current lifestyle, and for how long? Life insurance can help families handle these new costs.  For many young families where there is a stay-at-home parent, life insurance may be viewed as a “nice to have” but not necessarily a “must have” with no financial priority being given to the purchase. Considering the value of the stay-home-parent, that could be a mistake. [Life insurance](https://blog.fastandfull.ca/what-types-of-life-insurance-are-available) can be affordable. [Find an advisor](https://www.empirelife.ca/client) to start the discussion and put a life insurance plan in place to help provide security for you and your family, and the peace of mind that comes with it. ![Valuing a Stay-At-Home Parent](https://blog.empirelife.ca/hubfs/Blog_images/Valuing_a_Stay-At-Home_Parent/Mothers_Day_Moms_Worth_2.jpg "Valuing a Stay-At-Home Parent") Topics: [Helpful Tips](https://blog.empirelife.ca/old/topic/helpful-tips) [![Share on Facebook](https://static.hubspot.com/final/img/common/icons/social/facebook-24x24.png)](http://www.facebook.com/share.php?u=https%3A%2F%2Fblog.empirelife.ca%2Fold%2Fvaluing-a-stay-at-home-parent%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on LinkedIn](https://static.hubspot.com/final/img/common/icons/social/linkedin-24x24.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fblog.empirelife.ca%2Fold%2Fvaluing-a-stay-at-home-parent%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://static.hubspot.com/final/img/common/icons/social/twitter-24x24.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Fblog.empirelife.ca%2Fold%2Fvaluing-a-stay-at-home-parent%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Fblog.empirelife.ca%2Fold%2Fvaluing-a-stay-at-home-parent%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=Valuing%20a%20Stay-At-Home%20Parent) [![Share on Email](https://static.hubspot.com/final/img/common/icons/social/email-24x24.png)](mailto:?subject=Check%20out%20https%3A%2F%2Fblog.empirelife.ca%2Fold%2Fvaluing-a-stay-at-home-parent%3Futm_medium%3Dsocial%26utm_source%3Demail%20&body=Check%20out%20https%3A%2F%2Fblog.empirelife.ca%2Fold%2Fvaluing-a-stay-at-home-parent%3Futm_medium%3Dsocial%26utm_source%3Demail) [![Get a quote and apply for life insurance - Buy Now](https://no-cache.hubspot.com/cta/default/322854/08a3be98-3ef1-4780-a8a3-ce8a1993cecd.png)](https://cta-redirect.hubspot.com/cta/redirect/322854/08a3be98-3ef1-4780-a8a3-ce8a1993cecd) ### Subscribe to Email Updates ### Most Popular Blog Posts ### Blog Categories - [Helpful Tips (41)](https://blog.empirelife.ca/old/topic/helpful-tips) - [Customer Service (9)](https://blog.empirelife.ca/old/topic/customer-service) ### Archives - [June 2017 (1)](https://blog.empirelife.ca/old/archive/2017/06) - [May 2017 (1)](https://blog.empirelife.ca/old/archive/2017/05) - [March 2017 (2)](https://blog.empirelife.ca/old/archive/2017/03) - [February 2017 (1)](https://blog.empirelife.ca/old/archive/2017/02) - [April 2016 (1)](https://blog.empirelife.ca/old/archive/2016/04) - [February 2016 (1)](https://blog.empirelife.ca/old/archive/2016/02) - [December 2015 (1)](https://blog.empirelife.ca/old/archive/2015/12) - [October 2015 (2)](https://blog.empirelife.ca/old/archive/2015/10) - [September 2015 (1)](https://blog.empirelife.ca/old/archive/2015/09) - [August 2015 (1)](https://blog.empirelife.ca/old/archive/2015/08) - [July 2015 (1)](https://blog.empirelife.ca/old/archive/2015/07) - [June 2015 (2)](https://blog.empirelife.ca/old/archive/2015/06) - [May 2015 (1)](https://blog.empirelife.ca/old/archive/2015/05) - [April 2015 (1)](https://blog.empirelife.ca/old/archive/2015/04) - [March 2015 (2)](https://blog.empirelife.ca/old/archive/2015/03) - [February 2015 (1)](https://blog.empirelife.ca/old/archive/2015/02) - [December 2014 (2)](https://blog.empirelife.ca/old/archive/2014/12) - [November 2014 (1)](https://blog.empirelife.ca/old/archive/2014/11) - [October 2014 (1)](https://blog.empirelife.ca/old/archive/2014/10) - [September 2014 (3)](https://blog.empirelife.ca/old/archive/2014/09) - [August 2014 (3)](https://blog.empirelife.ca/old/archive/2014/08) - [July 2014 (2)](https://blog.empirelife.ca/old/archive/2014/07) - [June 2014 (2)](https://blog.empirelife.ca/old/archive/2014/06) - [May 2014 (3)](https://blog.empirelife.ca/old/archive/2014/05) - [April 2014 (4)](https://blog.empirelife.ca/old/archive/2014/04) - [March 2014 (3)](https://blog.empirelife.ca/old/archive/2014/03) - [February 2014 (6)](https://blog.empirelife.ca/old/archive/2014/02) - [January 2014 (6)](https://blog.empirelife.ca/old/archive/2014/01) See all ### Get In Touch ## Contact Us **The Empire Life Insurance Company** 259 King St. E., Kingston, Ontario, K7L 3A8 Monday to Friday 9:00 a.m. to 5:00 p.m. EST **Email:** [insuringwithcare@empire.ca](mailto:insuringwithcare@empire.ca) **Telephone:** 1 866 894-6182 [www.empire.ca](http://www.empire.ca) [Blog Disclaimer](https://info.fastandfull.ca/fast-and-full-blog-disclaimer)