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Reply to "Life insurance after kids graduate"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]No life insurance, and our kids are younger. 529 plans are likely overfunded. Our total account balances exceed our mortgage, and we have one year's expenses (including mortgage payment) in a combination of a money market account and treasury bonds, so we've concluded that we are self-insured. I couldn't afford our mortgage long-term if DH dies, but I could definitely afford it for up to 2 years while I list it, and there would be enough equity to pay cash for something smaller but nice. [/quote] No not where the economy is going. This is foolish.[/quote] You can't say that without knowing our account balances, which, as it happens, are enough to retire on now, provided we downsize the spendy house to something more average. The house has at least a 40% equity cushion, so it could be priced aggressively if needed. I don't see the value in life insurance in our case, but I am open to hearing why you think we need it. [/quote]
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