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re: Life Insurance

Posted on 8/30/11 at 11:11 pm to
Posted by Ric Flair
Charlotte
Member since Oct 2005
13710 posts
Posted on 8/30/11 at 11:11 pm to
I wouldn't insure the kids, and use the money to bump up you and your wife's coverage to 500k each. There's no point to have life insurance if you don't have an income, IMHO. I see life insurance as income replacement for the family if an income earner dies.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 8/31/11 at 2:54 am to
$1M at he least and put a $10k child rider for each child on the policy. 30 year convertible term is a good bet.
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