SAHM LIfe Insurance

[NickyEds]

I'm a SAHM to ds who's 15 months and I'm pregnant with dd. Pre-ds I was self employed and had some life cover as part of personal Liability Insurance. Obviously this has lapsed and I was discussing more Life cover for me. DP doesn't really see the point as I'm not earning (planning to SAH for the forseeable future). I pointed out to him that full time child care for 2 kids would cost, perhaps £1800per month (at least?) so I think we need some insurance. He's on a decent salary but couldn't really afford this.

Anyone got any experience/recommendations of providers? Is this something other people do or am I just being a worrier??

You definitely should get some cover in place even if it's just a level term policy for, say, 15-20 years until your kids have grown. Those policies can be comparatively inexpensive. If something (god forbid) happened to you he would have to pay somebody to do all the things you do that enable him to work... Childcare, perhaps cleaning etc.

I absolutely agree that you should have life insurance. For childcare, but also your DH may want to take a career break after a bereavement, spend time with the kids etc. It changes priorities when you suffer a loss. He may not want to work every hour that God sends just up cover child care costs.

I'm pregnant. Provisional plan is for me to be a SAHM. We're looking at life insurance for each of us for a level term of 25 years (we would like another child so this period should in theory. Cover until the youngest is 18.

I think it's a sensible thing to do.

Life cover is very sensible. You may not earn anything as a SAHM, but you're saving a hell of a lot of money in child care fees and cleaning. Plus you're not commuting to work and you don't need work clothes or travel costs.

Financially, Your DH would be up shit creek without you.