Dear Dave, My wife and I both work, and we’ve been looking at level term life insurance policies. A friend says it would be a good idea for us to have accidental death and dismemberment insurance, too. Do you agree? —Aiden Dear Aiden, You both definitely need good level term life insurance policies. Stick with 15- to 20-year level term life insurance, and make sure that coverage is separate from anything provided by your employer. Each one of you needs 10 to 12 times your yearly income wrapped up in a policy. If you make $50,000 a year, that means you need a policy with $500,000 to $600,000 worth of coverage. The idea of life insurance is to take the place of income. If you or your wife died, the other could invest the insurance money and replace that lost income. You do not—I repeat, not—need accidental death and dismemberment …