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Why stay-at-home parents might need life insurance too

01 July 2026

Here's something worth thinking about: the work you do every single day has real, significant financial value. Childcare, transport, meals, household management — if you had to hire people to cover it all, how much could it all cost?

Here are three key things AA Life Insurance can help cover if something happens to the stay-at-home parent in your whānau.

1.      To replace the value of their work

If something happens to a stay-at-home parent, your family may need to make new arrangements for child-care, transport, housekeeping and more, which may mean additional, unplanned-for expenses.

If you’re looking at getting Life Cover, make sure you’ve considered how you would manage financially if something happened to either parent, including the stay-at-home parent.

2.      To cover mortgage and other expenses.

If something happens to the non-working parent, your family’s expenses may go up – to pay for the work they normally do – or your income might go down, if you need to take off work to help around the house or care for the stay-at-home parent.

If the stay-at-home parent were to pass away, AA Life Insurance can help your family settle debts, boost savings, or pay for future expenses like your children’s education.

3.      To cover additional costs.

If they get injured, become ill or pass away, your family could face major unbudgeted costs. These could range from paying for private or unfunded medical treatment, to modifying your home if they suffer an injury that leaves them with a disability or covering the cost of their funeral. Without cover on the non-working parent, it may be challenging to meet those expenses.

PZ AA Life

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Our insurance partner 

AA Life Insurance policies are distributed by the New Zealand Automobile Association (Incorporated) (AA) and provided and underwritten by Asteron Life Limited. You should consider the appropriate policy wording before making any decisions about any policy you decide to purchase. Terms and Conditions, Limits and Exclusions apply

Financial strength rating 

Asteron Life Limited has been given an  "A+" (Strong) financial strength rating by Fitch Australia Pty Ltd (Fitch), an approved ratings agency.  The scale that this rating forms part of is available for viewing at Asteron Life Limited's New Zealand offices.

Financial advice 

Our website provides general information about our products and services to help you make choices when it comes to protecting the things in life that really matter. The information doesn’t take into account your specific financial situation, needs or goals and is not intended to be financial advice. 

If you'd like to receive financial advice, you can get professional advice from a financial adviser.

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