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Reply to "Should we stop paying for term life insurance?"
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[quote=Anonymous]We got a 1 million dollar term life insurance plan on DH when our first child was born. Oldest is about to start college with a fully funded 529. Youngest is in private school and will have a fully funded 529, too. I have been a SAHM mom and will be returning to work, likely making a fraction of what I used to earn. Net worth is approx. 6 million and we are in our early 50s. The life policy is $50/month. Since the premium is so low, I am inclined to keep paying for it, but not if it’s a waste of money. Advice please? [/quote]
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