to me insurance does 2 things it protects either myself or my wife in case one of us die and it helps with the loss of the others income if one of us die now or in the near future. 2nd in the golden years when everything is paid for (hopefully) it cover final expenses for the both of us so that the family is not burdened. So we have two policies. A larger term in case we die young and a smaller whole so that we have guranteed coverage in the later years.That is what works for us.