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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You (the OP) need insurance to make sure your husband can pay for a Nanny and therapy for the 3 kids until the youngest is 18 (at a minimum). Any additional insurance for college tuition is fine, too.

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The have $1.6m equity in a house, $600k in brokerage accounts, $800k in retirement, and "good 529 plans for the kids".  If her DH earns $250k and OP earns very little (so her income won't be as missed) and "good 529 plans" means they are fully funded, then her DH may not need any life insurance money, or very little.  He and the kids get her social security survivor's benefit plus he's got a $600k brokerage account he can access right away for any short fall. [/quote]

Equity in a house is not going to help when a spouse dies and the family still needs to live there. Last thing someone wants to do after a parental death is uproot the family because they cannot afford the house or need money out of it. $800k in retirement accounts is for retirement, not for a 40-something year old to live off of. If DH needs to work to earn $250k a year, how they are going to deal with additional childcare responsibilities? That either requires them to cut back on work or pay for caregivers. I never understand why people making so much money would be so cheap at the expense of their family's well-being.[/quote]

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