.31. Married. One newborn.
Edit - We probably end up having one more kid
My wife and I have life insurance through our jobs. It's pretty cheap and a high payout. I'm wanting to switch over to a non-work related term life insurance plan.
The difference between 20 and 30 year terms is about $250-$300 extra a year. Financially this is not a burden. I've been doing $1,000,000 policies. We plan on buying a house for $450-$500k in the next 1-2 years. Combined household income is about $180k with my wife make a little more than me.
Since I can afford it the obvious choice is locking in that extra 10 years and doing 30, right? Do these require us to go in an get additional blood work and exams done?
Edit - Could we keep just our work plans, and then if those for some reason go away look into other plans? Or are we risking insane cost by waiting until we are older?
Submitted October 26, 2021 at 09:17AM by 50bucksback https://ift.tt/3Ej8Lgg
