re: What do I do with my money next?

20 year term life is what you need. At ten years, replace the 20 yr. with a new 20 year.

Open account at Scottrade in your area & take a look at the 3 health care mutual funds: Vanguard (VGHAX), T.Rowe (PRHSX), and Fidelity (FSPHX). (You may to deal directly with T.Rowe). I have all 3 and they are making me money. Put in $10 - 20,000 each.

Find other mutual funds - look at T.Rowe's New Horizon, Vanguard Wellington, Vanguard 500 Index, Fidelity Low Price, and these ETF's - VIG and XLP. And the Spyder financial ETF.

And do get the emergency fund and a house!