Confused about Life Insurance Plans...HELP!!?

If $25/month is a stretch for you then I'm going to go out on a limb and say that it doesn't sound like you're in a really high tax bracket and that a whole life policy probably isn't suitable for you. A $25,000 policy isn't going to raise a 4 year old as it would only replace about $80/month in income. For $25/month, uming you're both healthy and don't smoke, you could BOTH get a $100,000 term policy that would last 30 years at that same premium. For $30/month you could both do $150,000 and for about $38/month you could both do $250,000.