How much life insurance?

[spotty_dog]

Also when you look at market performance over the last 30 years, the rate of return is 0%.

Wut? http://www.forecast-chart.com/histor...composite.html

[ms.conception]

thank you!
We're in Canada so I don't know what the differences are. We met with the physicians group financial/insurance Grp and bought the max life insurance available (2m) while he's in fellowship and next year will up it to the max relative to his income, we also bought disability insurance to 8k/m coverage with riders that allow us to purchase more insurance down the line without medical screening, and another short term disability plan.
Next year we will have to revise all do our plans once income changes.

Yes, we have umbrella coverage for our rentals, as we were sued last year after an unauthorized workman fell down the steps prior to closing the sale. (we were found not liable)

For own-occupation disability insurance, there may be policies sold individually (not under an employer's plan) that could work out to be cheaper, especially if your DH is in good health. Getting a combination of term and whole life insurance is a good option, especially if you want to supplement your plan for retirement savings. For low to middle income families, term life insurance alone is sufficient, but PPs are right in saying that the outlook towards permanent life insurance has changed in the last few years, given how uncertain the economic climate is. You'll want to shop around next year once income changes, and while it seems like low rates are not a priority for you at this time, you'll be surprised how much you could actually save without compromising on quality. AccuQuote term life policies are sold at some of the lowest rates available from companies like ING and Prudential.

Pat Cassidy
Disclaimer: I work for AccuQuote and this is my personal opinion.
.

[weeniegeniewife]

For own-occupation disability insurance, there may be policies sold individually (not under an employer's plan) that could work out to be cheaper, especially if your DH is in good health. Getting a combination of term and whole life insurance is a good option, especially if you want to supplement your plan for retirement savings. For low to middle income families, term life insurance alone is sufficient, but PPs are right in saying that the outlook towards permanent life insurance has changed in the last few years, given how uncertain the economic climate is. You'll want to shop around next year once income changes, and while it seems like low rates are not a priority for you at this time, you'll be surprised how much you could actually save without compromising on quality. AccuQuote term life policies are sold at some of the lowest rates available from companies like ING and Prudential.

Pat Cassidy
Disclaimer: I work for AccuQuote and this is my personal opinion.
.

Um, hi? Are you a medical spouse or SO? If so, feel free to post an intro so that we can get to know you better.

[scrub-jay]

Um, hi? Are you a medical spouse or SO? If so, feel free to post an intro so that we can get to know you better.

I highly doubt it. A quick google shows several similar "opinions" posted by the same person in a variety of forums. *shrug*

[weeniegeniewife]

I figured as much.