Our FA suggested Pacific Life, and it came out to like $50/mo 20yr term for $1mil payout (not taxable) for me, my wife was slightly higher. Your rate is also based on your health, so if you'd sign up earlier, you could be preferred rate, obese or worse and it affects your rate.

You could probably shop around for that. As far as specific clauses i'm not too sure, have only just started looking more into it to protect each other, and also be secure for our child's future.

Basically we're been very fortunate (and lucky) in that we have been able to save very aggressively before talking with an FA and he said we're pretty set, BUT people who are pretty secure he "throws grenades" at our plan to see how protected we are. IE one of us dies, permanent disability can't work as the extremes, and that opened our eyes about if everything's gravy we have nothing to worry about, but still some things could completely derail our plans.

Also don't go to just any FA, make sure they're a fiduciary financial advisor so they have a legal obligation to act in best interest of their clients