shopify analytics ecommerce
tracking

Life Insurance Policy

Life Insurance On Homemaker

Life insurance policy for homemaker. Any well thinking home maker knows that buying a life insurance policy on his or her life is one of those things that is simply...the intelligent thing to do.

We live in a world today where both spouses in many a case have full time jobs. We also realize that it can be difficult for a family if there are young children involved.

A decision is sometimes made to have one parent stay at home and be in essence a full time homemaker. This person may be the husband or wife...


There is nothing more important than your family's security. What would happen to your family if you died? Would they be provided for? Compare Quality Quotes and Save up to 70%! Click Here To Learn More


Life Insurance Policy On Spouse

This family has now become a one income family. It doesn't take too long for these people to be intensely aware that if the working spouse died the family would be in what could only be described as a very serious financial position...so a decision is made to buy a life insurance policy sufficient to provide an income until the youngest child is at the least out of school.

It would be wise to really provide until this child has graduated college. After this is done they can now relax and go about their daily chores...or can they?

Let us look at some of the chores of the home maker. He or she has to take care of the children, preparing meals, doing the laundry, shopping and keeping the home clean and tidy.

All this while keeping a sharp eye on the children, making certain that they do not hurt themselves or otherwise get into any trouble. In the evening they have to sit and listen to the problems the working spouse experienced that day. What kind of value can we put on that...

Even though the homemaker's worth cannot be worthily measured these people realize they must put life insurance on his or her life.

You see if this person dies, even though initially friends or relatives may step in and help with the chores, eventually someone is going to have to be paid to take care of this home makers job.

The salary of such an employee can easily be between $30,000 and $50,000 per year...

Now let us say your youngest child is age 10. You would need to employ a home maker until he or she is at least age 18. At minimum you would need life insurance in the amount of $240,000. That is $30,000 x 8 years.

If you anticipate you would have to pay a salary of $50,000 you would need a life insurance policy in the amount of $400,000.

It is imperative that the homemaker has his or her own life insurance...for the sake of the survivors.

Most people use term life insurance policies to do the job. One of the favorite policies is the 20 year term policy but depending on the age of the children a 10 year term policy or a 15 year term policy may do.

It may be wise to maintain a life insurance policy after the children have graduated college. Some people choose a 25 year term policy or a 30 year term policy.

Most of these life insurance policies have a conversion privilege so if you have a need for life insurance for a longer period of time you can convert your policy to a permanent policy like universal life insurance , variable universal life , variable life or whole life insurance.

These life insurance policies have cash values which may be used to top up your retirement income. You can also add the waiver of premium rider or the double indemnity rider to your life insurance policy.


Don't pay too much for life insurance! Shop and compare Quality Quotes from Quality Carriers first. Just answer a few quick questions then get your Quotes. The process is Easy and FREE. Click Here For Free Quotes


Life Insurance Quotes Term Life Insurance For Women Life Insurance Policy For Home Makers Mutual Funds Financial Planning Disability Insurance Quote Estate Planning Mortgage Insurance Long Term Care Insurance Affordable Life Insurance Disability Insurance Whole Life Insurance Quotes Cheap Life Insurance Life Insurance Companies Free Life Insurance Quote Cheap Term Life Insurance Term Insurance Term Life Insurance Quotes Online Life Insurance Low Cost Life Insurance Whole Life Insurance Quote Term Life Insurance Rates Viatical Settlements Life Insurance Rates No Load Life Insurance Life Insurance Settlement Burial Insurance Low Cost Term Life Insurance Fixed Annuities Financial Security Life Insurance Settlements Business Life Insurance

Tools And Resources

Life Insurance Need Calculator

Recent Articles

  1. No Medical Exam Life Insurance Explained - No Medical Life Insurance

    No Medical Exam Life Insurance. What is going on here? Is this new? The way people act one would think that this is an entirely new idea.

    Read More

  2. Online Life Insurance - Online Term Life - Online Whole Life

    Consider online life insurance. Buying life insurance online can be quite a simple process especially if you know how much you want and what type.

    Read More

  3. Term Insurance Details - Term Life Insurance Policies Explained

    There are many pages on this website on term insurance details and how it works. What I want to do on this page is give you a basic and general outline of this policy.

    Read More

  4. Term Life Insurance Quote - Premiums Have Been Reduced

    You may find it a valuable experience as well as enlightening if you took some time to get a term life insurance quote on your favorite term policy.

    Read More

  5. Key Employee Life Insurance

    Key employee life insurance is really a necessity.

    Read More