We have an 8 month old daughter and plan to have another next year. I'm 38 and my wife's 30 and I'm insured for $500k through my employer since I make more...actually my wife is a full time graduate student for at least another year. The problem is premiums don't hold when you switch jobs. Are you guys doing life insurance via your company or externally. Also, aer you doing term life(10, 20, 30 year)? Your rationale?