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Mother's Day Index: Mom's value is up

That's not enough coverage for most parents, and typically the term life coverage offered through an employee benefits package ends when you leave the job, Feldman says. You may have an option to convert the group life coverage to a permanent policy, but that will cost you a lot more than term life insurance.

Term life: Less than a $1 a day

"Most people don't understand how inexpensive term life is," Feldman says.

The median cost of a $250,000 20-year, level-term life policy is just $150 a year for a healthy 30-year-old. When you buy individual insurance, you own the policy as long as you pay premiums. You can find ratings on leading life insurance companies with's Best Life Insurance Companies tool.

"If you buy one or two Cokes per day, what you're spending on that far exceeds what it would cost to buy term life insurance," Feldman says.

For moms, whether they're primary breadwinners or stay-at-home parents, life insurance promises a safety net in case the unthinkable happens, and provides peace of mind so they can focus on life here and now.

The Mother's Day Index 2015

Mother's task BLS occupation title Hours per week Weeks per year Mean hourly
Annual Mom earnings
Cooking Cooks 14 52 $10.13 $7,371.00
Driving Taxi drivers and chauffeurs 9 52 $12.12 $5,672.16
Helping with homework Other teachers and instructors 10 40 $19.30 $7,720.00
Taking care of the kids Childcare Worker 40 52 $11.10 $23,088.00
Nursing wounds Licensed practical and licensed vocational nurses 2 12 $18.43 $442.20
Cleaning up Maids and housekeeping cleaners 10 52 $10.00 $5,200.00
Planning parties Meeting & Convention Planners 8 8 $24.53 $1,569.60
Summer activity planner Miscellaneous community and social service specialists, including
health educators and community health workers.
40 12 $18.68 $8,964.00
Haircuts Hairdressers, hairstylists, and cosmetologists 0.5 52 $11.90 $309.40
Shopping for the family Personal care aides 3 52 $10.63 $1,657.50
Family finances Accountants and auditors 0.5 52 $24.98 $649.35
Yard work Grounds maintenance workers 1 52 $12.95 $673.40
Fixing up the house Designers 5 8 $23.27 $930.80
Finding out what the kids are up to Private detectives and investigators 5 8 $25.91 $1,036.40

Grand total: $65,283.81

Wage source: Bureau of Labor Statistics


“Mom's value” is based on occupational wages from the Bureau of Labor Statistics and does not include a salary from work outside the home. It is calculated using a list of common household tasks that mothers often perform.

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