"Absolutely that's an important aspect," says Catherine Theroux, a spokesperson for LIMRA, a global financial research and consulting organization. Research by LIMRA shows that seven out of 10 households would face financial difficulty immediately or several months after a primary wage earner's death."But life insurance also has use for paying to replace some of the household services a parent provides, like child care," Theroux says. "The value (stay-at-home parents) bring to families would cost a lot of money if they weren't there. It's important that people recognize it's not just income you're replacing."
Mother's Day Index: Mom's value is up
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