Would appreciate your insight on this. I recently accepted a job that pays 500k. I am 32, healthy male. This past year I got married, bought a house, and have a child on the way. I am the primary breadwinner in the family and would like my future family covered. My current mortgage is 1 million (monthly payment with taxes and insurance is 8k). Thinking of having 2-3 children. My spouse and I have 500k in current savings/retirement accounts. Based on my research, I think a 20-30 year term would be best. Amount of 3-5ish million? Some quotes I received: 20 year/3 million: 1000-1400/year 20 year/4 million: 1300-1800/year 20 year/5 million: 1600-2300/year 30 year/3 million: 1900-2400/year 30 year/4 million: 2500-3200/year 30 year/5 million: 3100-3800/year And what're your thoughts on laddering for a cheaper policy? 30 year/2 million: 1300/year 20 year/1 million: 300/year 10 year/1 million: 200/year   submitted by   /u/One-Tie593 [link]   [comments]