A lot of people still buy long-term 35-year policies.I think this is crazy.You could go for a more flexible short-term policy that you can extend without having to answer medical questions.If you put a shorter-term life insurance policy in place, you can buy more coverage for the same price.e.g. a €500,000 policy over ten years would cost the same as a €300,000 policy over 30 years.You should buy cover until your youngest child reaches 25, so if your youngest is 2, you need a 23-year term life insurance policy.But always add a rolling conversion option –this lets you extend your policy as many times as you like without answering any health questions, guaranteeing you can get cover in the future even if your health suffers.