The answer is Yes, you do, if you would have difficulty paying for everything your wife does for your family if she was no longer there for you and your children.
And, if she works and earns an income, you would miss her financial support, too.
It would likely cost more than $500 per week to pay someone to take care of everything a home maker does to take care of the family.
The point is, you probably need more life insurance on your wife than you think.
Term life insurance offers an affordable option to give your family the protection they need by purchasing life insurance for your wife.
To learn more, read this articles - Do I Need Life Insurance for My Wife?