While every situation is different, you may want to consider services like the ones
listed. Enter the number of hours you spend on each activity every week to see approximately
how much money would be needed to cover these ongoing expenses.*
State Farm will generally consider life insurance coverage for a stay-at-home parent
equal to the life insurance coverage on the employed parent, up to $500,000. Above
this amount, specific details may be requested from the applicant to document how
the proposed coverage amount was determined.
This worksheet is provided as a comparison and/or estimator tool only and is not
intended as legal, tax or investment advice. Your use of this worksheet is entirely
your own risk. Consult your tax, legal or investment advisor for specific advice.
* Estimated wages are based on a National Compensation Survey, U.S. Department of
Labor, Bureau of Labor Statistics, July 2002.
FS2005-59 10/06