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Does term life insurance take into account the combined income of a married couple?

I have seen around the internet that the maximum term life insurance policy allowed for a person in their 20s is usually 20 times their income. However, I was wondering if there are any policies that take into account the combined household income. If a husband and wife both make $40,000 a year, are they entitled to a policy that is based on $80,000 of combined income, or are all policies handled on an individual basis?

Public Comments

1. thats all the employer provides.. you can call any insurance company and buy any combination of term policies you want to collect $500,000 or a million. you just pay for it yourself.. No the plan is what the employer chose but call the benefit dept and ask if you can increas your limit with the company plan and the cost. you will find if your under 50 term policies are pretty reasonable.. buy more yourself.. you dont need to have it per your income.. just for the security to your family.