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Reply to "Should I increase life insurance from 1M to 2M?"
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[quote=Anonymous]Wife is pregnant with our first, we have a NW of 950k liquid not including home equity. HHI of 300k. I'm more or less the sole breadwinner (she works but doesn't make much) and have a 15 year $1M term life policy that just started a few months ago plus a $650k group life policy through work. If something happened she would have $2.6M, or $2M if I became unemployed and the group policy was lost. I'm thinking of getting an additional million of term life now that we're expecting. Would you recommend this in our situation?[/quote]
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