Generally you would take out life insurance if you have debt or dependents that you want to take care of if you weren’t there.
This is the opportunity to make sure that those that are left behind will still be able to do all the things planned for, such as owning their own home outright, go to school or university, not have to worry about how to make the bills each month.
It is particularly important to consider the impact that the loss of the main breadwinner would have on the family.
Normally also pays on diagnosis of terminal illness, in general most people clear their debts and mortgage and leave an income fund for the surviving partner. But you should get advice to determine the right level of cover for your circumstances.