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Reply to "Term life insurance- how much do you have and how old were your kids when you got it?"
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[quote=Anonymous][quote=Anonymous]We have $1 million each which is about 2-3x income. About $1000 premium a year each. I have it ending at about age 65 since we are hoping to be winding down then so income replacement will not be important. We somewhat underinsured since we each earn similar amounts and would expect to be able to continue to earn at that level, kids are almost out of the house and college is fully saved for, and we have a decent amount already set aside for retirement so figured we didn't really need tons of coverage. I had higher employer sponsored coverage (6-7x income) when I was younger and the primary breadwinner.[/quote] this is similar to us, except it's about 7x income ;) [/quote]
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