[Icemaster]

I bought a comfortable whole life policy back in my mid 20's when we got married the would pay off the mortgage, bury me, and give the wife something extra. With the addition of kids, increased the face of that policy, and added a couple of other smaller ones along the way as net worth increased. When I bought my first company, I had the Co. purchase a term life on me that would allow the company to buy out my interest in the untimely event etc....that also works in a way to also indemnify my wife and family - they'll eventually get the proceeds of that policy as well, albeit indirectly.

If it were up to me, I'd do the same thing again. Don't know if you're planning kids, but in THAT event, you might want to consider setting up a trust for the children in case somethign were to happen to both you and the wife.