<prompt> Human: I have stage 4 cancer. I could be gone in anywhere from 12 months to 4 years. Im currently in a clinical trial that has extended life of patients over 4 years. Social security benefit to my daughter will be 2200month until age 18 or upon high school graduation. My wifes will also be 2200 because she is caring for my daughter. After our mortgage and auto loans are paid, 530k of life insurance money will be left. My question to you is, is this enough for my wife not to work? She is currently not employed and it would be great if she didnt have to when Im gone. Is life without employer assisted health insurance possible?Update:Some answers to your questions. We are in the Midwest in USA. My daughter is only 10 months. I am 30 years old. My wife is very good with money, much smarter with it than I am even. The life insurance policy was bought years ago, well before I was diagnosed with cancer so yes it will pay out.  <response>: 530k put into index funds should provide a yearly income of about 21k indefinitely, via capital gains and dividends. Combined with the social security benefit this should give your wife and daughter enough time to get on their feet and figure everything out. I think you can help them by doing some research on the subject. Mr Money Mustache may we a good source of info. Coincidentally Im currently waiting for the train to take me to the hospital for what my family think is my grandmas last night with pancreatic cancer. Your family will have a harder time emotionally than financially I would guess, from losing you. I would worry more about spending lots of time with them now, for their sake. But of course setting them up financially isnt something to ignore completely. 