You're getting good advice on what to buy (pure term life insurance) for both of you. As for where to buy it, an online broker is a good idea: selectquote.com term4sale.com policygenius.com. Source: 12 months ago

As others suggested, continue shopping around to see if you can find a more affordable policy. I've had some good experience with policygenius.com , though mainly for home insurance. Source: about 1 year ago

Go ahead and get a substantial pure term life insurance policy. You will hear a chorus here and elsewhere saying "if you have no dependents you don't need life insurance." I disagree. It's possible for an unexpected illness or injury to make life insurance very expensive to obtain, or even impossible. By getting insured now, you are insuring against future un-insurability, which is a perfectly legitimate reason to... Source: about 1 year ago

If you want to shop around a bit more, three reputable online brokers are selectquote.com, term4sale.com, and policygenius.com. Source: over 1 year ago

There are online life insurance brokers that will shop you to several insurers: selectquote.com term4sale.com policygenius.com. Source: over 1 year ago

Right now, bonds are not something I recommend (or use), I use 1. Promo CD (depositaccounts.com), 2. MYGAs (blueprintincome.com), or 3. Ibonds (https://thefinancebuff.com/how-to-buy-i-bonds.html) (mostly ibonds lately). Source: about 2 years ago

You need to answer the question - when do you want the funds to be accessible to spend (on whatever)? If you've got at least 5 years, you're probably OK to put them into VTI. If you have 2-5 years, you're best off with promo CDs (depositaccounts.com) or MYGA (blueprintincome.com) . If you've got >2yrs, then just put them into a HYSA or promo rate rewards checking accounts. Source: over 2 years ago

Personally I eschew Target Date because I do not want my FI portion in Bonds, I want them in promotional CDs (depositaccounts.com), or MYGAs (blueprintincome.com), so my brokerage just has VTSAX(VTI) and VTIAX(VXUS). If you're at Fidelity I would just use the VG ETFs (VTI+VXUS). If you like the Fidelity Mutual Funds, go ahead and use those, very little difference, I think VG ETFs slightly edge them out, but that's... Source: over 2 years ago

I recommend putting your "bond" portion into promo bank/CU CDs (depositaccounts.com), or into a MYGA (blueprintincome.com), because both are earning more than bonds right now. Source: over 2 years ago

You have other options beyond a HYSA. There are Treasuries, promotional bank CDs (depositaccounts.com), MYGAs (blueprintincome.com). Source: over 2 years ago