Very true, you could certainly look at term insurance - but bear in mind following:-
- in the case of your death, your husband could claim a widower's pension based on his, or your, PRSI record - currently aroud €8,000 pa
- you may already have joint mortgage protection
- there could be savings in day to day expenses - with one less adult in the household, sorry that sounds very callous
- child minders, if required, may only be required for a few years until children are in 2ndary school
and on downside
- cost of child-minding
- cost of home help
- loss of tax credits
I think the IFSRA site had sample quotes for term cover ([broken link removed])
For example, € 250,000 for 26 year old female for 30 years is around €13pm - serious illness is more, maybe x 3)
Shop around
You need to look at the details and estimate amount of cover required - some would recommend a min of € 50, 000