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.

Helping to securing your family’s financial well-being

Many families on a single income simply cannot afford the added cost of childcare. If you’re a stay at home parent, does your family have life insurance in place? We estimate that €37,500 is the yearly value of a mum’s work in the home*. See the infographic we produced which shows mum’s and dad's worth in numbers and how much life cover would be needed to replace all these tasks. 

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.


Some important points regarding Life Insurance:

  • You must be aged between 18 and 77.
  • The maximum term is 40 years or up to age 80
  • The amount you pay is guaranteed to stay the same for the entire period that you are insured for.
  • You must keep up your payments to stay on cover.


*Research carried out on mothers with children under the age of 18. Samples derived from an online survey of 1,000 adults conducted by Coyne research (May 2013) on behalf of Irish Life.

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