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Reply to "Life Insurance-How Much and When to Drop"
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[quote=Anonymous]DH and I each have about $600K in renewable term life insurance. We each make about $100K a year and our two kids are 17 and 14. I don't think it's enough. On the other hand, our house (worth $850K or so) will be paid off in 4 years; we have about $1.8M in retirement accounts and another $300K in liquid savings; and we have $280K saved for college. If something happened to either one of us (or both of us), it would be ok. I think we will drop it when our younger child is finished with college - so another 8 years. [/quote]
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