I currently have Midland National T-30 Life Insurance Policy ($250k) for about $28 / month, fixed for the life of the policy. I'm currently finishing my undergraduate degree in the next year and my wife and I recently had a son. I was approached by a NWM insurance agent, who showed me this T-80 policy that was for $500k and is the same amount per month, but is not a fixed monthly price for the life of the policy (it's more the same price per year, but the rates go higher after the 2nd year). I'm really only mainly concerned with switching my policy since it's double the amount, it's the same per month (on a somewhat fixed budget while in school full time and working full time), and if something were to happen to me while I'm in school still, my wife could pay off any of my/our school debt as well as be sure that she and my son are taken care of. I really only plan on keeping the policy for the duration of my school and then once I get a job and relocate, to get a higher, T30 policy again, and just terminate the NWM policy. Since, the in's and out's of life insurance are complicated, and I want to try and be sure that I'm not making a bad move here by doing this, or overlooking something, I'd appreciate any advice/opinions that anyone in this forum has. Thanks.