Recommended Life Insurance Doesn't Make Sense
I understand that the recommended life insurance is to allow the survivor to maintain the same living standard if a spouse dies before the end-of-life date set in the program. In our family, my personal assets-IRA Regular and income is 20x my wife's assets/income yet ESP recommends life insurance for her until end of life but no life insurance for me. She does not have any future Special Receipts so ESP can not be protecting future income. On the Annual Suggestions page and on my Wife's Estate page it shows life insurance for her but not for me. Am I reading the report incorrectly? Please explain.