re: Everybody wants to sell me insurance...

Looks like a solid plan to me. The most important thing is to get that death benefit number right. Your wife won't care if it is term or WL if/when you pass away, and neither will you. The good thing with the way you are approaching it, is that you leave yourself with all the flexibility you could want. Especially with a newborn and what not, budgets are nice, but they can go up in flames quickly

The conversion is real simple when you do it, and won't require a medical even if you do it 10 years from now or whenever.

I'm sure the agent included it, but just double check to make sure the disability waiver of premium benefit is on the term policies.