I have 1.5 million on me. None on my wife. I'll probably get 300k - 500k on her.
I heard to have about 8 times your income.
The thing you have to think about is if you and your wife die. You don't want them to be a financial burden. I have the kids goinf to one family matter and another one controling the trust. I think 1.5 million would be enough to take care of the kids and pay for college and high school.
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