The value stay-at-home parents provide should also be part of calculating how much life insurance a family needs. But increasingly, the invaluable support a stay-at-home parent provides is becoming part of life insurance conversations. Ensuring life insurance takes into account what a stay-at-home parent provides can protect your family’s financial future. Deciding how much coverage your family needsWhen trying to decide how much life insurance stay-at-home parents should have, you should also consider including these additional costs:Funeral expenses. In fact, for most families, term life insurance —the most affordable type of life insurance—will be sufficient.