Are you guys getting term insurance? If so what is the term for your rate and amount of insurance if you don't mind putting it out there.

I am 40 going on 41 and want probably about 500K on me and 250K on the wife who is 31. Both of us are in good health. I think those amounts would more than cover if something happened to either of us. Any thoughts? Should it be more?

While on the subject, what about children? We are getting ready to have a baby.

Thanks all