I'm 58 married-both kids adults and working full time. With are close to owning the house free and clear-worth about $600,000. My wife has a great career and a nice 401K and a great job, she is 53.
My term life has expired and she wants me to get another policy- for about $400,000.I don't have much in my 401K.
It wi cost about $125 per month for a new 15 year term policy. ,
Is this necessary????
***We have about $80,00 in savings as well. Thanks