yes we both do, $350 000 each plus DH has a small super life insurance policy and a $90 000 policy too. I have another $180 000 with my super.

We will cut right back when the kids are more independent but for now we will have the mortgage covered and be able to leave work if needed if there was a family tragedy.

We have a family member with a young family and a terminal illness, she had limited life insurance and had drawn down on her super and insurance to pay for a family holiday and a new pool they can enjoy together before her illness makes it too hard to do.

If something happened to both of us the girls would be well looked after financially. Our will says who the guardians would be as I'm slightly concerned that the amount of money the guardian would have access to may cause a tug of war