<prompt> Human: Hello everyone, our youngest daughter of 2 was just diagnosed with down syndrome, ca. 8 weeks after birth. I am quite unsure how to deal with the situation from a personal finance perspective and would appreciate your advice. I husband currently am the only earner luckily earning very good money. My wife worked in the past. We currently dont have life insurance, but I feel that would be good in case anything happens to me.Qs:- should it only cover me, or my wife too? - how much? I was thinking 5 years of earnings. - should I get other insurance? Eg disability? Besides that, my simple plan is to work harder and accumulate enough money to ensure bills never become an issue. Anything Im missing?  <response>: Leverage the ABLE Act. Definitely get own occupation disability and life insurance. Normally Id say get term insurance, but the thought is you only need to insure yourself until your children are out of the nest and house paid off. You really need it longer than that possibly. Id ask others in your situation about this aspect. Join an online support group. There are many people who have gone before you so you can steal their best practices. 