$400K on me, and $150K on my wife. We're 5 years into a 20 year term policy.
We bought the policy to allow the surviving spouse some freedom with respect to raising our son. Our house is paid off, his college is paid for, and we should be pretty well set for retirement.
When the policy expires, we don't plan on buying it again - with our child through school and retirement (hopefully) not an issue, we shouldn't need it.
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