u/Awkward-War-2236

Hi everyone,
My wife and I are in the process of purchasing term life insurance and wanted to get a sanity check from the community on our strategy and the premium quotes we received.
Our Profile:
Ages: Both in our mid-thirties.
Income: We earn approximately $270,000 each ($540,000 combined).
Net Worth: ~$1M combined.
Family: One daughter (14 months old), and we are actively planning to have a second daughter soon.
The Policies We Are Looking At:
Coverage Amount: $3,000,000 individual term policy for each of us.
Term Length: 30 years fixed.
Annual Premium Quotes:
Male policy: $2,100 / year (~$175/month)
Female policy: $1,600 / year (~$133/month)
Our Questions for the Sub:
1 Coverage Amount: Does $3M each make sense for our income and family size, or should we consider laddering our policies?
2 Term Length: Is a 30-year term overkill since our kids will be independent and we will likely be self-insured via investments within 20–25 years?
3 Pricing: Do these premium numbers look competitive for this level of coverage in the current market, assuming excellent health classifications?
Would love to hear any feedback or advice from folks who have structured policies with similar dynamics.

Also any other place we should get a quote from.

Thanks in advance!

Hi everyone,
My wife and I are in the process of purchasing term life insurance and wanted to get a sanity check from the community on our strategy and the premium quotes we received.
Our Profile:
Ages: Both in our mid-thirties.
Income: We earn approximately $270,000 each ($540,000 combined).
Net Worth: ~$1M combined.
Family: One daughter (14 months old), and we are actively planning to have a second daughter soon.
The Policies We Are Looking At:
Coverage Amount: $3,000,000 individual term policy for each of us.
Term Length: 30 years fixed.
Annual Premium Quotes:
Male policy: $2,100 / year (~$175/month)
Female policy: $1,600 / year (~$133/month)
Our Questions for the Sub:
1 Coverage Amount: Does $3M each make sense for our income and family size, or should we consider laddering our policies?
2 Term Length: Is a 30-year term overkill since our kids will be independent and we will likely be self-insured via investments within 20–25 years?
3 Pricing: Do these premium numbers look competitive for this level of coverage in the current market, assuming excellent health classifications?
Would love to hear any feedback or advice from folks who have structured policies with similar dynamics.

Also any other place we should get a quote from.

Thanks in advance!