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re: Wife pregnant for first time...
Posted on 5/27/14 at 6:15 pm to GoCrazyAuburn
Posted on 5/27/14 at 6:15 pm to GoCrazyAuburn
Something else to think about is that your life insurance money is non-taxable, so when you think of x years of income, think of post-tax income.
1
Posted on 5/27/14 at 7:00 pm to LSUGUMBO
I've got a $500,000 30 year term. If I die, my wife can pay her student loans, her car (my trucks paid off, sell that), house, use some for kids college, and funeral. We have plenty in emergency and she makes more than me so she'll manage. There's no one answer.
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