Do You Know Your Value as a Stay at Home Parent?

Do You Know Your Value as a Stay at Home Parent?

The value of a stay-at-home parent [Reassured Infographic, 2018]

This is a guest article written by life insurance brokerage, Reassured.

A stay-at-home parent fulfils many roles

Stay-at-home parents are many things rolled into one. Think about it; childminder, cook, teacher, doctor, cleaner, taxi service, relationship counsellor, gardener, financial advisor, personal shopper……..

Take a step back and spend a minute running through what an average day looks like for you:

  • 2 hours cleaning
  • 1.5 hours cooking
  • 1.5 hour cleaning and ironing clothes
  • 1-hour food shopping
  • 1-hour taxi service to and come school
  • 30 minutes walking the dog
  • 30 mins gardening
  • 20 minutes paying bills and internet banking
  • On call for the kids (and your partner) 24/7!

It’s a really uncomfortable question to ask, but have you ever wondered how these roles would be fulfilled if something were to happen to you?

According to a great article in the Mirror[1], using research from Bidvine[2], a stay-at-home mum could be worth as much as £80,000-a-year.

You only need to protect the family breadwinner, (this is a myth)

If you’re a stay-at-home parent, it’s easy to think perhaps you don’t need life insurance protection.

You might think that life cover is just there to protect the family breadwinner?

After all, they earn the funds to pay the mortgage each month, as well as utility bills and family living costs.


A stay-at-home parent makes an enormous, often undervalued contribution and we believe should be protected too.

Any family would be massively impacted, both financially and emotionally, if the stay-at-home parent was no longer around.

The cost of raising a child in 2018

According to a recent report from The Money Charity[3], the average cost of raising a child, from 0 to 21, is £30.23-a-day.

Doesn’t sound too bad, right?

That equates to £11,034 a year. Or an astonishing £231,713 over 21 years.

What if you have more than one child to provide for?

This article is not meant to scaremonger, but merely highlight the importance of a stay-at-home parent.

The Money Advice Service[4] suggests that the average cost of full-time childcare is £223.36 a week, or £277.84 per week if you live in London.

Or put another way £11,615 (or £14,448 a year), for a child under 2.

Life insurance probably costs less than you think?

Many can secure life insurance cover to protect their family for as little as 20p-a-day. Especially if you secure a policy while you’re still young.

Although, it’s important to remember factors such as age, health, weight/BMI and whether you smoke are all important factors which impact cost.

We believe the best way to acquire the most coverage, for the least amount of money, is to compare multiple quotes

You can do this yourself online or you could use the services of a life insurance broker, saving yourself time and money.

You’re unique and irreplaceable

It goes without saying that no one can replace a mum or a dad.

Whether you’re in employment or are a stay-at-home parent, the role you fulfil is invaluable and you’re completely unique.

However, making sure you have adequate life cover in place and receiving a fixed lump sum could one day help you financially, at a time when the family is struggling emotionally.

If you’re one of the millions of parents right here in the UK who doesn’t have life insurance, why not do something truly heroic and take out a policy today?

Sources used to write this article:





email signature

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge

%d bloggers like this: