Re: Life Insurance Question
DH and I have 20 year term for $250k each, I pay about $25 a month and DH pays $75 a month (he has type 2 diabeties and high cholestorol so we pay much more for him). We have State Farm (we also have our home and cars with them, gotta love that multi-policy discount!) He also has 3x his annual pay via his company, and I have 2x my pay through mine. Assuming we have kids in the next couple of years, the 20 year term will see us through until the kids are just about in college and the house almost paid for. 25 or 30 years would have been better, but we just can't afford it with DH's health record. Fortunatly we have a resonable mortgage and in a few more years we won't have any other real debt, so while it won't be a cake walk, should the worse happen the survivor will be okay for the most part.
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