How much life insurance is enough?
We are looking to get life insurance for my husband and myself. Permanent over term. Im a stay at home mom of 3 kids and we are planning to have another baby. We are currently living in Europe because my husbands job is here. We are renting but want to buy a home. We plan to move back to the US at some point, when my husband can find a secure job there and when we can save the money to be secure in an unstable economy.
Basically, if my husband dies (God forbid!!) the children and I would move back to the US and need to buy a house, vehicle and either ship our belongings from Europe or furnish a new house. Plus, I havent worked in about 5 years since I have been raising my babies and I dont have a college education. I do plan to send all the kids to a public university when that day comes. I am capable of working but dont know what kind of paying job I could get with only a hs education.
So how much do you think my husbands policy should be? And for myself? Whats the average cost monthly for a married couple having permanent life insurance?