Is accelerated death benefits a no brainer? Also looking for term length, and policy limit advice.

A bit of background. 39M, with wife and 2 kids (baby/toddler) in California. Intent is to provide financial net to help kids get through college and/or graduate school, if something happens to me. Policy won't break the bank, but I don't want to get higher limits and a longer term just because I can. Household income ~$300-400K range. Current expenses ~$30-50K a year, but likely to change once day care etc is needed. Currently no mortgage, but would likely be looking at a ~$1-1.3M mortgage range if we end up buying.

I completed the underwriting process at for both Pacific Life and Corebridge QoL for term life. For a 30-year $2M term life policy, annually I'm looking at $1930 at Pacific Life and $1999 for Corebridge QoL. It seems like with only $70 dollar difference, Corebridge QoL seems to be a no brainer right? (One thing I am not sure about yet is whether Corebridge QoL has reduced LBs in California for example Midland/National doesn't offer critical illness in California but does in other markets).

I was also informed that the QoL 35 year term is priced at $2529 per year, but with my goal in mind, it seems like I should probably opt for the 25 year term @ $1723.

Any advice from the community?

1) $2M 30 year term: Pac Life ($1930) versus Corebridge QoL ($1999)

2) QoL: 25 year ($1723/yr term ends at age 64), 30 year ($1999/yr term ends at age 69), 35 year ($2529/yr term ends at age 74)

3) Last consideration, I was thinking about reducing the benefit amount to $1.5M instead purely to reduce annual costs.

submitted by /u/Evo386
[comments]