I decided as soon as my first child was born, we needed life insurance. Both of us have 2 policies each one that we pay on and the other is through our jobs.
I know a lot of my friends who don't find this important, but I did with having children.
Our next step is getting a will in place and to set up our funeral arraignments. I don't want to bother my children with planning my funeral or having them paying for it. I want everything set up so when the time comes it is one less burden they have to deal with.