<prompt> Human: Im getting quotes for term life since we have a baby on the way. The first round of quotes I got were in the 250 a month range for 30 year term, 1 million in coverage I make 50k, I had read the rule of thumb was 20x income but I dont really know if that makes sense. As it is, I get 1.5x my salary through work.The premium is so high due to my well controlled but whatever mental health diagnosis, and I think we cant justify it and would be better off saving the money. I will talk to the broker about different terms and coverage amounts but I feel like even at a lower rate, it wouldnt be worth it and we should just try to self insure for me. I will still see about my husband, who makes 2x my salary and hopefully will be considered in better health.If the baby and the cost of daycare wasnt looming, my husband would definitely be able to maintain our lifestyle without my income. But daycare will take up about half my take-home pay. Any thoughts? I was trying to get my ducks in a row and Im feeling discouraged.  <response>: The point of life insurance is to allow the surviving members of the family not be financially ruined. So how much money would your family need? 1 Million seems like a lot since your husband can almost support the family by itself. Getting the 5 until kids in school years of daycare and maybe some other help couldnt cost that much. Look at lower amount, maybe 250k. 