Disclaimer: I don’t really know anything about life insurance.
My (29f) husband(31m) and I make a combined income of $130k. I make $40k, he makes $90k. We owe $13k on his car, $92,800 on our home and $24,500 on a home improvement loan. We have $16k in liquid.
We do no want kids. We have some life insurance at work. I have $81k in coverage with an additional $250k in “supplemental life”. I feel like a fool because i don’t know what that means. His work life insurance is for $99,000.
We are going to be getting a car in the next few months that will cost no more than $22k (budget I set for myself) just trying to save on a down payment as well as sell my old car which I could probably get $3k from.
Should we/do we need coverage?
I hope I didn’t miss any important info.
Submitted February 01, 2019 at 12:06PM by financialgrasshopper http://bit.ly/2HMabav
