Does A Stay At Home Mom Need Disability Insurance?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    No, in fact a company will not issue you a policy.  Disability policies require an income and there are rules as to how much of a percentage of that income can be replaced with a disability policy.  If you have no income then you do not need a disability policy.
    Answered on May 21, 2013
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  2. 11783 POINTS
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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    Does a stay at home mom need disability insurance?  Yes, I wouldn't argue the need, the problem would be finding a company that would underwrite  a homemaker disability policy. The basic element for any disability policy is a W2 or 1099 to prove income. Without one, I can't think of a disability carrier that would write such a policy.
    Answered on May 21, 2013
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  3. 2180 POINTS
    Kelly Moser
    Social Media Strategist, Disability Insurance Services, California
    No, a homemaker would not be eligible for disability insurance, however, a stay at home mom is a perfect candidate for a critical illness insurance policy.  You do not need to prove income for that type of policy. The policy would pay out a lump sum benefit to help with hospital fees, co-pays, childcare, etc.
    Answered on November 26, 2013
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