<prompt> Human: Edit:I was purposely vague because I wanted a generalized answer.In my specific scenario, I receive disability, my husband works. We both earn similar amounts at the moment, but little by little hes out-earning me the further along his career path he gets. Which he totally should be doing.We have a small child.One of our incomes is sufficient to cover the house, utilities, and a bit extra. Essentially, neither of us depend on the other for basics. Together we can afford nice cars, vacations, eating out, etc.My thinking is that if one of us died, it would obviously be a game changer. But the remaining persons budget would be drastically different. We would sell one of the two cars, eat a lot less groceries, etc.Additionally, someone mentioned having several years worth of income in insurance in order to live off investments made with the funds should someone die. I guess in someones situation that would make sense? But for me it doesnt seem to make sense. Why pay tons of money on insurance premiums while alive, so your dependents can live off it when you die? If either my spouse or I died, the remaining partner would continue to earn an income, and our son is fully expected to get a job when hes old enough.  <response>: Do others depend on your income for their survival? If so you should have 10x to 12x your annual income in term life insurance so your partner or kids can invest it and continue surviving on the proceeds. 