iQuanti: Life insurance can help any member of a family — not just the family member who brings in financial income. 

While you may believe that working partners aren't in need of financial assistance if a stay-at-home partner passes, you'd actually be wrong to think so. Stay-at-home partners provide labor and benefits to their families that life insurance may help to compensate for in the event of their passing.

Stay at home partners support their families financially

Stay-at-home partners help their families save money and time on all household activities such as cleaning, cooking, laundry, shopping, and daycare. While they don't generate income for these services, the amount of money saved by having a dedicated family member take care of them is significant.

If your stay-at-home partner passes away, you may find yourself spending a lot of money to have these services done, especially if you don't have the time to do them yourself. Life insurance can help you manage these unexpected costs without financial trouble.

Covering final expenses for stay-at-home partners

Burial and funeral costs are expensive no matter the person. If your stay-at-home partner passes away, you'll need a feasible strategy to manage their funeral and burial costs.

Final expense insurance is another option that allows you to set aside an extra sum of money specifically to take care of funeral and burial expenses. Not only will final expense insurance take this worry off your list, it will also leave the money from a life insurance policy for other vital services and costs.

What type of insurance should stay-at-home partners buy?

For most life insurance customers, including stay-at-home partners, term life insurance policies will be your most affordable and sensible option for coverage. Term life policies last a predefined amount of time (usually between 15 and 30 years) and have much lower costs than their alternative, permanent life insurance policies.

If you're a stay-at-home partner, you'll want an affordable coverage option that allows you to take the necessary precautions. Term life insurance can often provide coverage that extends until your spouse reaches retirement age and/or any dependents are able to be more self-sufficient.

Earn the best rates, no matter what happens

Even though as a stay-at-home partner, you may not have an at-risk occupation, you'll still want to earn a good deal on any insurance you might purchase. This can be especially true if your spouse has a life insurance policy also, as two premium payments can add up.

With term life insurance, you'll lock in a better premium rate if you apply for coverage earlier on in your life. By doing so, you save money over time while also covering your family for the costs of your stay-at-home work.

Feel secure on your terms

Stay-at-home partners contribute time and value to their households, so it only makes sense that life insurance policies should work to meet their plans. 

If both partners can find the right life insurance for their work and lifestyle, they'll set their families up for financial security no matter what happens. This means that your life insurance policies can let you enjoy your life, as your preparation for the worst is already taken care of.