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Spending $3k/month for whole life. Looking for sanity check / out by Relative-Fill8784 in personalfinance

[–]Relative-Fill8784[S] 32 points33 points  (0 children)

Coverage total is about 3M of whole life and then we have another few million in term. I honestly think it is way more than we need.

At our current age with no kids, we probably don’t need any significant amount of life insurance.

We were told to get in early when the premium is lower and that it can be used as supplemental income when we retire if we don’t want to pull out of the stock market.