<prompt> Human: My husband is 30 and I am about to turn 30. We have no health issues, no familial history of health issues, and eat well and are active. My husband however is a smoker. We are having our first child this summer and I may become a stay at home parent, at least for a few years. This means it is time for us to get life insurance.Ideally I would like to get 30 year term for both of us for at least 500kea. For me its cheap, 30 or so a month. For my husband though, it is about 120.His rate goes down significantly, to about 80, if he does a 20 year term. However, I feel like this would be pointless - if he has health issues from smoking they will more likely arise in his 50s as opposed to his 40s.Obviously, he wants to quit but I am not expecting that for this kind of planning.He likely will retire around 55. He does have a fully vested private pension that is in good shape. If he were to pass away before retiring, I would receive full payments for three years. If he were to pass after he retires, I receive a percentage of the payments for the rest of my life. We do have supplemental retirement plans, my 401k and his annuity. We will also set up IRAs within the next two years.Additionally I expect us to have a paid-off home by retirement. Even if we dont, neither of us ever want a large house or a large mortgage.Finally, while I am not relying on this in any way, his parents do have money and while I dont know specifics, I do know they are very carefully planning their estate for when they pass, due to issues they experienced with their own families in the past. I also have a few older family members that I know will be leaving part of their estate to me - again, I dont expect anything but I do like to keep this in mind if we had a financial armageddon in about 20 or 30 years.I have group policies on both of us through work, 90k for him and 120k for me. Very cheap, a few bucks a month, but will go away if I leave my job. He has 40k through his work, and I have 3k through his work as well.Knowing all of this, I would love to hear any suggestions anyone has. Just bite the bullet and do the 30 year terms, is 20 years perhaps enough, or do we stack different length terms maybe?  <response>: Typically the main reason youll want life insurance is for the event that one of you passes away and the other parent couldnt handle supporting the kids alone. Its also useful for funeral expenses, but you only need a small policy for that, and you could just save the money youd spend on premiums instead in an emergency fund.With this in mind, your probably shouldnt need that money once your child is around 20 years old. Because of this, going for a thirty year term on your life insurance may be overkill. If you plan to have more than one child, however, the thirty year term looks much more attractive. Then again, in thirty years you should hopefully have enough retirement savingsother things that you dont need it. 