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Interesting suggestion since lately I have been feeling uninsured in that department - I have a 400K term policy, 15 year, I took out when I was 28 - I am now 38 so only 5 years left.

My wife only has 50K through work. We definitely need to increase that to at the very least 250K.

Normally, I poo-poo life insurance as a vehicle for investing.

The question is - do I just load up on more term life insurance and invest the difference or go for a whole life/universal policy? I'll admit I don't know much about life insurance as I have just heard ridiculous commissions associated with them.

Another question would be - the 529 is a deduction, grows tax free, and exits tax free, right? And there's no maximum, right?

Life insurance gets hit going in (kinda like a Roth, no?) but exits tax-free.