We got additional policies last year and got a term life policy for $1MM for DH and $300K for me, but the term is only 10 years. This is in addition to our other $500K and $300K 20-year policies that we got over 10 years ago. All of these policies will expire around the same time, but we should be able to get all of the kids through college by then. We also have other assets that are dedicated to college costs, retirement, etc.
I don’t think this is too much for you, scaredy, but I tend to over-insure. Best to listen to others on this.
Sorry about your friend’s passing. That totally sucks. Hope his/her family is dealing with it as well as possible.
