The Hidden Economics of Stay-At-Home Mothers

Mothering is not only a labour of love, but also a financially significant role in the fold of the family. Yet, if motherhood is by economic fact something of financial value, then should stay-at-home mothers, not just their counterparts in the workforce, really get life cover?

Mothering, to mother, maternal – as a verb, a noun, or an adjective – hints a slew of occupations that, in sum, ties together a family unit. Motherhood, given its variations, is a role that has as many dimensions as it has facets. For at-home mothers, the household is their routine office, a space of everyday labour – and not just for working through the emotional tasks of parenting, but the kind of mental toughness required to do the job well. This means, simply put, that a mother is a figure of depth and substance in the family.

There’s a common myth about life cover: it isn’t for everyone. As a social belief goes, we entertain too often misconceptions about the values in the various roles we perform. For an at-home mother the chores, both emotionally taxing and financially valuable, can all to easily be forgotten against the bustle of busy family life. That’s likely one of the reasons why not enough women are purchasing life insurance.

The hidden economics of at-home mothers, achieved through their routine jobs, amounts to an average value of over £80,000. Various sources detail the financial efforts of at-home mothers, from child-care costs into the routine labour from domestic chores.

On child-care  

The financial risks against at-home mothers is, should anything happen, financially costly at an estimated £29, 812 in a year. This statistic unpacks into the several, if competing, expectations placed against mothers who, aside from domestic errands, serve a vital role in rearing children. Whilst child-care is only one of her responsibilities, it nonetheless carries a financial influence over the family unit.

Her roles, many converging into one, span everything from the general emotional and intellectual upkeep of the family to the building of a domestic nest, or home-keeping, and beyond. These labours, no small feat, all carry economic weight and inform the way we might assign a financial value against motherhood. It is, for example, a frustrating exercise to budget for a nursery as a costly alternative to child-care, which demands an average annual gross of £11, 498.

Considering financial security 

Across the UK, The Guardian observed in 2017, one-third of mothers stay at home. Indeed, the labour force has opened up through kinder policies that support working parents, offering more freedoms in the ways mothers work. Yet, the common misconception about financial security, especially in a family unit, is how protection only applies to spouses with active incomes. The financial contributions of at-home mothers may appear hidden yet are entirely valuable.

Life cover can be that easy alternative to frustrated finances, especially for those hatching future plans to protect their family’s way of life. Financial security is a way of thinking about your financial resources. Aside from being emotionally reassuring, life cover can be the means to financial peace for your family. Cover is a flexible option, too. No longer sized to fit everyone at once, life cover comes in all shapes and styles to match the details of your life and those it involves.


Mums, Working & Mental Health

One of a family’s most beneficial, if valued, assets are the parents. Often talks about parenting, especially positive examples, are quickly read as stories about their children and their wellbeing. “Wellbeing”, sounding somewhat nebulous, is a nod to a certain inner goodness, healthiness and comfort found in routine life. Yet, the parents’ own can be overlooked. According to the Healthy Humans Project, a mother’s wellbeing is less motivated by her job status, but rather her emotional and mental preferences.

A helping hand

Protecting the financial wellbeing of the family unit ought to be a top priority for most households. Financial relief in the case of an unfortunate loss can help ease some of the pain. The result, a cash pay-out (sometimes called a death benefit), can contribute to many projects, including funeral costs, or daily living expenses.

At-home parents are certainly legible to apply for life cover. This is calculated against the unique financial situation of the applicant, and at-home mothers will often be viewed as equals to their working spouses. It’s wise to out-smart costly options by using comparisons sites like ThinkLife to survey the wider market – and discover how to guard your lifestyle and those it involves. Our service is a quick one, taking only moments to get quoted.