$500,000 term life insurance (20 years) on my DW since she provides 90% of the income. $50,000 for me so it will cover funeral costs and other misc. things if something were to happen to me.
We only had $10,000 apiece until our daughter was born. We are currently looking to up mine to around $250,000 so it would be enough for my wife to pay off the house and have enough left over for part of my daughters college tuition (around $50,000).
We are taking our time looking into insurance now and trying to make sure whoever we go with is financially stable. The last thing I want to happen is my insurance company going bankrupt. I am not sure what would happen if it is covered through some government agency or not.
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