1_more_opai

you would determine the amount of present day insurance you need to make the same income you would replace with SBP if you elected to do so. in your case, you should take threashold SBP (which is equivalent to a $50K whole life policy and for which you will only pay about $15 per month). then you would place a $225K whole life policy to cover the difference. i would strongly consider a participating policy from solid company - someone who has been in the business at least a century. ill explain why if you ask, but it is outside the scope of this discussion.

the key thing you will need is a policy that allows you to have "paid up additions" as part of the accumulation process. this will keep it gaining along with inflation. ergo, you might have a $400K policy death benefit by the time you are 70 and have over $300K in cash value. these are just rough projections - it is all based on your situation.

also, if you are not in good health, SBP is usually going to be your best choice. never use term to replace your SBP choice - you are destined for disaster. it is the stupidest choice you will make in your life!!! and the only person who suffers is your wife.

1MO