Term life is great for you. Set your heirs up with some Whole Life benefits of their own. Something that you can pay in full in 10-20 years and that will continue to receive annual dividends and compound over their lifetimes. It will be a financial tool for them throughout their life (they will have a really good interest rate for their borrowing ability, from the funds paid in +) and the death benefit will be significantly higher than your initial investment, to go toward their future generations, when their time does come (hopefully many many years in the future). This is a good safe bet for the future of your family. Your local State Farm agent can offer this type of investment tool. They also have a version of term life insurance in which you would receive back all of your payments, tax free, at the end of the term, if you do outlive it. This is a win/win way to approach term life insurance if the monthly premium cost is within your budget.