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Probably not. Even if you think you’ve got enough life insurance now, you’ll probably need more later on. Remember, if you don’t update your policy at key milestones in your life, you risk being under-insured.

Here are key times in your life when you need to thinking about buying life life insurance:

You buy your first home with a partner. You need enough life insurance to make sure he or she won’t be saddled with the entire mortgage debt if the worst happens to you.

You have other debts – and dependents. You don’t want to leave your debts behind for your family to deal with.

You get married or enter into a civil partnership.

You start a family. Bringing up a child is expensive and can be a drain on both parents’ income. If one income is lost, you’ll need enough life insurance so the surviving partner can continue to support the family financially.

You become a stay-at-home parent

You have more children

You move to a bigger house

Your salary increases

You change your job

You reach retirement

You rely on someone else to support you

But don’t be over-insured

Life changes bring greater life insurance protection needs which may not necessarily apply to you. Let’s say there’s no-one in your life who depends on you financially. In that case you probably won’t need life cover at all.