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Stay-at-home parents can still use the standard life insurance guideline: your coverage should be between seven and ten times your current Life insurance for stay-at-home parents.
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In a word, yes. Here's why. Generally, when people start to think about how much life insurance they need, they use an income-based rule of thumb. Unlock the insights on life insurance necessity for stay-at-home parents and single individuals in this enlightening YouTube short.
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Most life insurance companies will allow a stay-at-home parent to purchase a policy that's equal to what's carried by the family's breadwinner.