Just because stay-at-home parents do not bring home the bacon, it doesn’t mean that what they do is not worth anything. It takes incredible work to be able to manage the home so well that the working spouse can just come home to dinner on the table, a clean house, fed children, and a made bed.

That’s not to say working spouses don’t have any role at home as soon as they walk through the door, of course. We are in the 21st century. Expectations within a household have drastically changed, but one thing is for certain - one spouse is taking more mental load than the other.

So, what happens when the unthinkable happens? Say your stay-at-home spouse gets into an accident and becomes disabled or a total loss of life occurs. How will you as the surviving spouse manage? Will your life be completely altered from that point on?

Your first and immediate expense are the hospital fees and your spouse’s long-term treatment if they get disabled. In the case of loss of life, your partner’s end-of-life expenses are another dig at your pocket which are around P8,000 to P500,000.

If your partner used to be in charge of caring for your kids, you’d have to hire a nanny. A stay-in nanny’s asking rate today is at least P7,000. And that’s just for one whose sole focus is your kids. If you need an all-around nanny, their rates range from P8,000-P15,000.

If your stay-at-home spouse used to be in charge of cleaning the house, doing the laundry, cooking everyone’s breakfast, lunch, and dinner, you’d have to hire separate help for that, especially if you don’t have time to do them yourself. That’s another P8,000-P12,000 amount of expenses every month.

All of these expenses do not include the help you need in doing the other chores your stay-at-home spouse used to do, such as planning your family vacations, picking your kids up from school, tutoring them on their homework, being present at PTA meetings, buying groceries, paying the bills, monitoring the upkeep of your home, and many more. If you do not have the time to do these chores yourself, you can get the help of an all-around personal assistant/driver/tutor whose services cost way more than your nanny’s services.

So, will losing the care of your stay-at-home partner cost a lot? It definitely will. It’s for this reason why getting them a life insurance should be at the top of your priority list. A life insurance will cover most of your expenses should the unthinkable happens to your stay-at-home spouse.

If you want to learn more about what life insurance can offer your family or would like to get one set up, book an appointment with our financial advisors. They are ready to help you make the right and best decisions for your family.