I'm in a similar position, and it's been a lifesaver. When our first child was ~6 months old, my wife had a gallstone attack at 11:30 at night, and my parents were able to be there in minutes, so we could get to the ER without waking our daughter up and bringing to her to a hospital in the middle of the night. I don't even want to think about how much harder that would have been without nearby parents—and that's just the tip of the iceberg.