Should we increase our life insurance as our kids increase?

Every time I have a new baby, my hubby will increase his life insurance. The sum assured increases and so does the premium. Now that I have stop baby making process, our life insurance is more or less fixed at the same amount. So, we do not need to get anymore life insurance quotes.

However, if you are a new parent, you must take this into consideration and make sure that you have covered your family well in case something happens to you. Of course, if both parents are working, then, ideally both parents increase their coverage as well.