I have life insurance as a stay-at-home mom to protect my worth - Business Insider

In this conversation, we evaluate the state of our children's teeth, my husband's deteriorating vision, and whether or not we use our gym membership anymore . And it is during this discussion, prompted every year by my husband's company's open enrollment deadline, that we determine my worth.

So, as our annual conversation about insurance and finances dictates, every October we reassess the monetary realities of my early death, and every year, we decide to pay for myThis might seem unnecessary considering that if I were to die tomorrow, no recurring paycheck would disappear, and there would be no immediate financial costs associated with my death beyond funeral costs.

While my husband's job has a slightly higher market value than a quality child-minder, it's only slightly higher, and after the house payment and car payment, there would be little left if I weren't around. Nothing for groceries or cellphones or our children's futures. After-school care at our local elementary school costs $90 a week per child. For three children, this would cost $1,080 a month. This doesn't count the level of flexibility he would need to accommodate sick days, professional development, and school holidays without me, and for three months of the year, he would still have to pay those nanny prices listed above while our kids are on summer break.

He would always have the option to change jobs and move nearer to them, but even that option would be fraught with emotional and financial costs, not to mention would be wholly contingent on the willingness of family members to offer their time and services for free. But these are only the childcare costs associated with my contributions to our family. I also provide house-management services.

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