Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Does a stay at home mom need term life insurance?
Absolutely!  Just because a spouse doesn't have a taxable income, doesn't mean they aren't providing real, tangible benefit to the family economy with an important job. As tragic as it is to consider losing your spouse, are you truly in a position to replace everything they do you for you?  Knowing what they do for you and appreciating the effort your spouse gives is important, but don't sell short the dollar amount of what they provide.  Your life insurance policy should be to keep you whole. Without your spouse, you will need childcare.  You might need domestic services to the home.  What about a nanny or similar service?  Would $50K cover that until your child is an adult?  There are a number of added expenses in the short and long term that would occur if a spouse died.  How much for a funeral? Obviously you know the amount and term depends on the age of your kid.  But I think you should really try to account for the number of daily hours you spouse puts in, and try to attach a cost to those hours.  Then buy insurance for them just as you would for a wage earning.   For example, buy a policy that is 10x the annual cost for services it would take to compensate for your spouse.  Your tolerance for risk and cost can adjust it up and down from there.