Anonymous
Post 09/16/2025 17:33     Subject: Life insurance after kids graduate
I don't like giving my spouse a financial incentive to kill me. There, I said it.
Anonymous
Post 09/16/2025 12:39     Subject: Life insurance after kids graduate
Anonymous wrote:
Anonymous wrote:
Anonymous wrote: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.


No not where the economy is going.

This is foolish.


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.


Most people who don't need life insurance wouldn't change their lifestyle much at all if a spouse died. You just said you couldn't afford your existing mortgage long-term if your DH died.

I think the issue is term policies are relatively inexpensive. I guess you could have a $10MM mortgage, so we don't know the $$$s we are talking about here...but it's really not that expensive to arrange for $1MM of term assuming you are both in good health. Like $500 a year of premiums.

Anonymous
Post 09/16/2025 12:05     Subject: Life insurance after kids graduate
Anonymous wrote:
Anonymous wrote: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.


I don't know how old you are, but I pay like $230 a year for $500,000 of term life (I started this at like 37). It seems like you need life insurance and it's really not very expensive.


I probably should've mentioned we both have small term policies through work.
Anonymous
Post 09/16/2025 12:04     Subject: Life insurance after kids graduate
Anonymous wrote:
Anonymous wrote: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.


No not where the economy is going.

This is foolish.


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.
Anonymous
Post 09/16/2025 11:44     Subject: Life insurance after kids graduate
No need, DH and kids will be very well off if I die
Anonymous
Post 09/16/2025 11:22     Subject: Life insurance after kids graduate
Anonymous wrote: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.


I don't know how old you are, but I pay like $230 a year for $500,000 of term life (I started this at like 37). It seems like you need life insurance and it's really not very expensive.
Anonymous
Post 09/16/2025 11:19     Subject: Life insurance after kids graduate
Anonymous wrote: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.


No not where the economy is going.

This is foolish.
Anonymous
Post 09/16/2025 11:16     Subject: Life insurance after kids graduate
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.