<prompt> Human: Im in the process of buying a home. My wife cannot be on the home loan due to her having bad credit from medical bills. We paid the bills but the items are still showing on her credit report one still has an open status, Experian said they had to look into it and it might take a month, which we dont have. I had her email the confirmation numbers and bank statements showing the money leaving our account to the underwriter, but they still decided to deny her. I can solo this home loan but Im a worst case kind of guy and have reservations about it. I love my wife, but what happens if we get divorced? Am I left with the bill and she still get half of the house when we sell? What if I die? Does the bank take it all and boot my wife and kid out onto the streets? Should go through with this? We already turned in our notice to the apartment landlord so Im in a time crunch. Thanks for any response.Assistant: How do you usually handle your finances? Does she have income?A lot of your questions have a variety of answers depending on what has happened before and what you do going forward. For example, you would probably want to have life insurance. Human: I do have life insurance, but only at 50,000. The house itself is 194,000. So.. bump up my life insurance to meet the house?  <response>: Life insurance needs to be enough to cover all debts PLUS your income for X amount of years. So if you purchase a 20 years term, its safest to assume that if you die the day after your plan goes in to effect, that policy needs to replace your income for 20 years, and cover all your debts, and possibly support college tuition down the line, etc. Of course, the flip side is, buy what you can reasonably afford.There are all kinds of options and differing plans, but that is how you should treat it in a nutshell. 