Also the term insurance is ideally suited during the periods when your family is very vulnerable! i.e. when the kids are below the age of 16! In such cases the term insurance amount also would be lower as your age at the time of taking cover would be in early 30s and premiums are better for under 40s. The advantage of term insurance is that u take the cover so long as u are financially insecure / inadequate for an eventuality. The moment your insecurities are taken care off, one may / may not continue!
