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@seohce Yes, these are great points! Thank you!

@seohce Yes, she is insured although her coverage is $400,000 only. Yes, she will most likely be going back to work, if for nothing else, health insurance only. I am seeing insurance as an income replacement tool to cover tuition for two children, pay off mortgage, and ensure that my family can...

@amberb Thank you! This is very helpful. According to the calculator, I am not overinsured which is good to know.

@robertnduati Yes, I can afford it but, like everything else, some of the money could be going towards kids' tuition savings account. I am not looking at the insurance as a payday but an income replacement tool. I have read that the insurance should be 10-15x income but I also need to take into...

My profile: Age: 45 My income: $150,000 Spouse's income: $65,000 Elementary-age two children In decent health Financial profile: Group insurance through work: $300,000 (2x income) Optional group insurance through work: $600,000 (4x income) $72 monthly premium Savings, 401k, etc.: $500,000...