10/15/2026
Life insurance is often thought of as income replacement, but it could also be considered care replacement.
It’s estimated that unpaid caregivers spend an average of 20 hours a week helping disabled or elderly family members with tasks of daily living. Replacing that care with paid help could cost thousands of dollars a month.
When a caregiver passes away, families often face financial and relational hardship to fill in the care gaps left behind.
With a financial resource like life insurance available, the transition doesn’t have to be as difficult.
Source: US Dept of Health and Human Services