What is the optimal way for a surviving, non-primary breadwinning spouse to use a life insurance payout? Thankfully this is only a theoretical question. We have a household income of 140k, ~100k of that is mine, ~40k is my wife’s. I have a term life insurance policy that will pay $1 million in the event of my death. I feel like I generally have a strong grasp of personal finance. Recently, my wife asked me what the best way to use a life insurance …