mortgage? My wife and I are considering purchasing life insurance but we aren't sure if it is the best investment for the money involved. Advice would be helpful. We do plan on having a family in the next few years and our ages are 30 y/o and 29 y/o.

You don't have to get $500,000 but it's nice to at least leave your spouse something if something should God forbid happen to you. Remember, there is always probate crap and taxes which get really expensive really fast, thousands of dollars!

Life insurance is very important, especially if you may have children. The sooner you do it, the lower your costs will be.

You may still need some. In case there are some "final expenses" that need to be unexpectedly paid. You probably don't need as much as someone who has a mortgage. Also, you may want to increase your coverage once you do have children. You want to be sure their education is secure, even if you aren't around.

Yes, life insurance is very important as financial security and protection for those you leave behind.

You and your spouse may want to consider level term life insurance for 20 or 30 years to provide the maximum amount of protection for the lowest cost. You can lock-in lower rates now and have the protection you need for your spouse, to pay the mortgage, and provide for your children once you have them.

You can compare free term life insurance quotes online. By comparing rates you may save up to 50% or more on your policy, that how much they can vary by insurance company.

Also, take the time to learn how term life insurance works.

Bets of luck to you and your spouse.