<prompt> Human: My wife 21 and I 24 are active duty Air Force. We both have very safe jobs considering we are military. I work in an office and she works in a warehouse. We both have 400,000 of life insurance at the cost of 29 a month. This is the default for life insurance coverage and it is recommended for everyone when they join.At first I thought this was a great deal, but Im starting to think we should drop the coverage. If something happened to either of us, the other person would be totally fine financially since we have a moderate emergency fund and a high credit card limit and we already live on 1 of our paychecks each month.Do we really need insurance? Is 29 a month of 400,000 coverage for 2 healthy early 20s low risk military members worth it?ComparisonEdit: Getting SGLI back after declining it or increasing coverage to full benefits requires a commanders approval and sometimes a medical screening.Makes me think I should keep the coverage haha If people dont opt out of coverage, they pay about 6,480 for life insurance during a 20-year career without taking a medical examination. Sergeant Roldan said 1 of the monthly premium provides up to an additional 100,000 in traumatic injury coverage whether people die or suffer a traumatic injury on or off duty.From the sound of it I dont want to drop SGLI, but I do want to reduce the coverage down to 50,000 which will drop our monthly rate down to 4 each. Still trying to figure out if I can reduce coverage and not have to get a medical screening later.  <response>: 400,000 coverage each for 29 a month for two people and youre both in the military? Of course keep it. You wont find a deal like this outside. Keep it at 400,000. 