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[quote=Anonymous]We just had our third baby last month, and I'm finally getting my act together to get some life insurance.  How much life insurance do I need to cover expenses for 3 kids if something happens to me?

I'm thinking we'll need to cover most of the cost of childcare, the mortgage, and college expenses.  Anything I'm missing?  I'm planning to ladder 3 policies, so that I'll have higher coverage for the next decade when our childcare costs are highest, and the least amount of coverage when our kids are in or just finishing college and our mortgage is hopefully mostly paid off.  I'd appreciate advice on amounts of coverage and good reputable companies.  Most of the info I'm finding on companies is on how financially sound they are--useful, but I'd also like to know who is more likely to dispute a death claim or terminate my policy if we change our direct deposit account or move and miss a bill.

And, I'm still about 10 lbs up from my pre-pregnancy weight.  Is there any downside to buying a policy now, and then just scrapping it and getting a new policy when (if!) I get back to a healthy weight?[/quote]

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