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Recently just had our 1st child: Next up, Life insurance! Help please!
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OlsonKrist
Posted 2/4/2014 15:03 (#3662218 - in reply to #3658617)
Subject: Re: Recently just had our 1st child: Next up, Life insurance! Help please!


nw MN
Have a 500K policy for me, 250K for my wife. We bought them when we were 24 and 27 respectively. 30 year term, it is just over $200/ year for mine and just over $100/ year for my wife's. It is way too cheap when you are this age not to buy it. Buy as much as you need in term, then contribute as much as you can to a Roth IRA for savings. The whole life plans that build a "cash value" are a crappy way to save.
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