Originally Posted by donheff
We had enough life insurance that, if one of us died, the other could quit work and keep living the life we were accustomed to. When we achieved the degree of FI that we could assure that we dropped the insurance and ER'd.
That's what we wanted -- especially with a school-aged child, but now that they're in college, we still would want to be able to stop working for a few years or maybe retire early if one of us passed away tomorrow, and be able to increase
our spending (on things like prepared meals and home services, while we're recovering from the loss). But we'll probably drop it completely soon, as we're pretty much FI, we're just trying to ensure we can maintain or increase our spending in retirement.