Yes, you and your spouse may both need life insurance.
You'll want to consider life without your spouse - how would you accomplish everything he or she does each day without them?
Now, how much would you have too pay someone to do all of those tasks for your family.
It's been estimated that it would cost in excess of $50,000 a year to pay someone to do everything a stay-at-home parent does for his or her family.
That includes shopping, cleaning, taking the kids to school and their activities, doctor's appointments, daycare, etc.
So, yesy you may need life insurance for both of you; however, with the stay-at-home parent you may only need the coverage for 10, 15 or 20 years, until the kids are grown.
Here's how to learn more about life insurance for your spouse