Should you get life insurance if your husband is a stay at home father, how much ?.?

Question

If my husband needed to live of the interest how much would I need?.

Answer 1

Yes, you should get life insurance on all members of your family. First off, the wage earner in the family needs the highest amount of coverage - obviously enough to cover funeral expenses and normal bills for at least 3 months. Next, you should get enough insurance to cover the funeral costs, time off of work, and money to make childcare arrangements since your husband would no longer be around. Lastly, I would get just enough insurance on your kids - just to cover the funeral costs and any time off from work you may need. In terms of actual specific amounts, that would depend on how much money you make, what your debts are, etc... I hope this helps out - good luck.