Married, have a kid, am 28 years old, own two companies and recently got life insurance.
Curious what others had done. I have a buddy that works at Northwestern Mutual so I figured if I had to give the commission to anybody, might as well go to a friend.
Got 500k term for each my wife and I as well got my son a whole life policy with some future cash values.
Considering extending the amount for myself or even getting whole eventually to cover my business assets.
We don't really have any debt other than about 80k left on the house, which I could potentially pay off in two years if I really had to.