Don’t ignore the need for stay-at-home parents or spouses to have life insurance. While they might not directly contribute to the family income, if they die unexpectedly, there is generally a need to pay more for daycare, housekeeping or other services.
Your life insurance needs do not increase if you die in an accidental death -- so do not buy an accidental death policy or double or triple indemnity riders. Choose life insurance based on your financial needs for insurance coverage.
Related: Types of Life Insurance
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