Does Dan get any cash value from life insurance? The couple has $300,000 of term life insurance on Dan and family health insurance paid for by Dan's employer which has a $2000 per person deductible, $40.00 copay and 80/20 coinsurance. They carry $300,000 of liability insurance on their cars and have a $100 deductible on collision and comprehensive fire and theft coverage. They have homeowners insurance with 90 percent coinsurance and a $500 deductible and $142,500 coverage on the dwelling. Building costs in their area for a comparable home are $150.00 per square foot. There is no disability insurance to cover the loss of Dan's income should he be unable to work due to accident or illness.