Our thinking had basically been that either of us could handle it financially if the mortgage was paid off - so we each had term of $300k, dropped it to 200k as we paid down the mortgage, then dropped it altogether when we paid off the mortgage.
We have separate funds for the kids college funds... and being FI means there's enough to cover a comfortable (but not extravagant) lifestyle for the survivor with our investments. The kids might inherit less - but that's their problem. LOL.
We have separate funds for the kids college funds... and being FI means there's enough to cover a comfortable (but not extravagant) lifestyle for the survivor with our investments. The kids might inherit less - but that's their problem. LOL.