Insurance calculator for stay-at-home moms
Prudential Financial, Inc. recently announced a new tool that can assist families in selecting the right amount of life insurance cover for women. ‘The Value of All You Do’ Calculator, now available on the company’s website, estimates the economic value of many services women provide for their families, such as managing the home, caring for children, running errands, preparing food, and tutoring. Finanzen.net reports:
Wives are less likely to own life insurance than their husbands at nearly all income levels, according to LIMRA, 2005. In addition, a 2006 study by Salary.com concluded that the value of the things moms do can amount to an average annual salary of $85,876 for working momsand $134,121 for stay at home moms.
Read more: New Life Insurance Calculator for Women Estimates `The Value of All You Do’
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