How much is a stay-at-home parent worth?
A parent that works in the home may not receive an income, but often the work they do would cost a great deal more if they were not around to do it. Have you worked out how much it would cost to hire a replacement child-minder, cook, cleaner, launderer, and driver? The answer is a lot more than you might have thought.
Securing your family’s well-being
Childcare costs in Ireland are among the highest in the OECD* according to their 2005 report. Many families on a single income simply can not afford this added cost. If you’re a stay at home parent, are you covered under the family protection plan? Does your family have life insurance in place?
Always seek advice
A qualified financial advisor can assess your needs as a family to make sure you’re adequately covered if the unthinkable happens. They're also there on hand to guide you through the application process.
* source: Childcare in OECD countries report
