I am about to begin intern year in a few weeks and will be in training for a total of 6 years (IR). My wife will be an anesthesiology attending starting the day I begin the radiology portion of my residency, one year from now. I've already obtained disability insurance, set-up a Roth IRA and will be pursuing PSLF via a direct consolidation loan ($280k) that is currently being processed (My wife and I file taxes separately).
We have no children, and I am wondering whether or not life insurance makes sense in this particular situation. If I die, we have no children and she is making a large salary. Once we have a child it seems like life insurance might be a good idea. The fact that I think that now makes me wonder if getting life insurance now will just be cheaper in the long run or not.
Advice?
We have no children, and I am wondering whether or not life insurance makes sense in this particular situation. If I die, we have no children and she is making a large salary. Once we have a child it seems like life insurance might be a good idea. The fact that I think that now makes me wonder if getting life insurance now will just be cheaper in the long run or not.
Advice?
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