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Reply to "What kind of life insurance do you have? (Type, amount, company if you want to share...)"
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[quote=Anonymous]We have $500k in 30 year term USAA policies (bought at 32 y.o.) for both me and DH that cost us $65/mo and $80/mo each. (Men are more expensive even though we're both healthy.) We are the same age, make equal salaries and have stable jobs (feds). The $ would pay off our mortgage (we have no other debt), and the survivor would be able to cover the rest of our monthly expenses (including college savings) from his/her salary. Alternatively, s/he could use the money to buy a house in a lower cost state closer to family and leave the gov't.[/quote]
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