Dear Dave,

I've heard you recommend having seven to 10 times your income in life insurance. How much would you suggest having on a policy for a stay-at-home mom when there's no direct income involved?

- Dale

Dear Dale,

I'd say somewhere in the $300,000 to $400,000 range because financially speaking, it's going to take $35,000 to $40,000 a year to replace all the things she does.

Your wife may not bring home an actual paycheck right now, but there's a ton of personal and economic value attached to everything she does every day. That lady works hard. What she does is very important and would be very difficult to replace!

- Dave