Disclosure: Information for this post is sourced by Genworth Financial. All opinions stated are genuine and my own.
I have worked most of my adult life. When we moved to a new state, and decided to have one last child, we also decided I would be a stay-at-home-mom (SAHM). What a great decision for me and the youngest child! As with anything though, there have been perks and downfalls. The perks are obvious...I get to see and experience every little thing with my son; I get to teach him things I think are important; and we get to have a lot of fun to boot.
Right now it's the holiday season, and we're so busy doing fun things together that I have thanked my lucky stars more than once that I get to be here when the kids get home from school, on the weekends, and that I don't have to travel (unless we're traveling as a family, for fun). We're all about baking cookies, decorating the house (and the cookies ;) ), shopping, taking trips to see Santa, and doing all of the other fun things the holiday entails.
The downside to being a SAHM is that I gave up a lifetime of benefits I had secured in place when I was working. Thankfully we are all insured under my husband's health insurance, but life insurance for me? Gone, kaput...and that's just one of the big things I gave up, but it's one of the most important to get back, and soon. It's something I have put off far too long now. Genworth Financial can help, I already know that, I just haven't taken the plunge and gotten started on the details.
My biggest concern is cost. When you're a SAHM the money's not flowing in like you're used to, so you want to cut corners. Chris Kissell wrote an article about life insurance, the importance of SAHM's obtaining it, and the approximate cost it would be for me to purchase it. It's really not un-affordable, if we sit down and do a little re-arranging. What better thing to give myself for Christmas (or to start the new year?) than the security I will have in knowing my family is taken care of in the event something happens to me? Though it's not a gift the family will see, it is something they will some day appreciate, far more than they'll ever even need to know. As a parent, I fully realize that some of the best gifts we can give our family really are the ones they don't see.