When deciding how much life insurance a person needs, Financial Planners recommend an amount of 7 to 10 times your annual income.

But what if you don’t have any annual income? What if you are a full-time, stay at home spouse and parent? Do you need a life insurance policy if you have no income?

Well, in a way, yes. In fact, as a stay at home spouse or parent, you make hugely valuable contributions to the household. Contributions that could cost thousands should something happen to you.

According to a recent Salary.com survey in 2016, the value of a stay at home parent would be about $143,000 if you had to outsource those jobs. These services include those provided by a typical homemaker which include a housekeeper, child care, a driver for the kids, and more.

But how much does this stay at home spouse or parent need for life insurance? $1,000,000? Probably not. Use the following as a guide.