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[quote=Anonymous][quote=Anonymous]DH’s term policy will expire shortly after the last child finishes college and the house is paid off. At that point he would have the option to retire although I doubt he will want to do so in his early 50’s. We do not plan to take any more insurance as the reasons for the insurance will not longer exist. I would be more than fine without his income at that point. It just depends on how you’ve set everything else up - if you are still burning through cash like crazy, haven’t saved for college, etc then it’s different.  [/quote]

We have dropped our life insurance, but one kid is fully launched, and the other is in college (fully funded by a 529).  We have 2 homes with no mortgages and enough in savings to bring home double our current salaries with interest/dividends yearly.  So we no longer have a need for life insurance.  Either spouse can live comfortably and could retire at any point should the other die.

Instead we invest the $3K/year we were spending on major life insurance policies for both of us
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