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Bacon Insurance Group

3711 Westerre Pkwy, Suite D
Richmond, VA 23233

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Do Stay at Home Parents Need Life Insurance?

At Bacon Insurance Group in Richmond, VA, we offer life insurance so you can protect your family. Today, we are here to answer the question, "Do stay-at-home parents need life insurance?"

The Purpose of Life Insurance 

 When you think about life insurance, you may think of it as a way to replace a family member’s income and cover final expenses. In fact, most life insurance experts recommend a policy that is at least ten times greater than your annual income.

However, if you are a stay-at-home parent, you aren’t bringing in an income. Does this mean that you don’t need life insurance coverage? The answer may surprise you!

Financial Contributions of a Stay-at-Home Parent

As a stay-at-home parent, you aren’t earning a paycheck. However, you do make a significant contribution to your family’s income. 

Think of all the jobs stay-at-home parents do. They provide childcare. They often do the majority of household chores, including cleaning and laundry. They also perform errands, like grocery shopping and bringing the child to important appointments or events. 

When you imagine hiring someone to perform all these tasks, the bill adds up very quickly. 

How to Determine How Much Insurance a Stay-at-Home Parent Needs

The biggest financial cost associated with the loss of a stay-at-home parent is childcare. You’ll want an insurance policy that covers childcare expenses as long as your child or children will need it. Of course, if you have more than one child, this cost will be significantly higher. 

We Are Here To Help

If you need life insurance in the Richmond, VA metroplex, contact us at Bacon Insurance Group. We offer life insurance policies to meet your needs and other types of policies to provide you with complete protection. 


  • Anthem
  • Cigna
  • Donegal Insurance
  • Erie Insurance Group
  • Guard Insurance
  • Mercury Insurance
  • National General Insurance
  • Progressive Insurance
  • Travelers Insurance
  • United Healthkeepers

Servicing States

  • Virginia
  • North Carolina
  • Maryland


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