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I'm already maxed out on the work policy....9xSalary.....a fair amount, but realistically not enough that my family could continue their present lifestyle for any significant period of time.
The thought process behind the additional term life policy is that while I am relatively young (32), it is pretty cheap and will cover the wife and kids if I should die during my main earning years. If I make it to 62, they (and I) won't need life insurance anymore. The 401k and other investments should do the trick by then.
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