We mix our life and term. I would recommend finding a financial adviser who sells insurance as PART of his services. This is a lot different than insurance salesmen who call themselves financial advisers. After a discussion, they'll be able to weigh your risk tolerance against your assets and your financial goals to give you a good idea of how much and what type of insurance you should carry. Of course, that's easier said than done and took us 3 or 4 tries to find someone capable who we felt comfortable with and who wasn't misrepresenting their services.

Protip: Cut weight for a week before the nurse comes out to take your blood and measurements. They're going to use that awesome 1950s chart to plot your height against your weight for BMI, taking no account of your actual physical condition or how much of that weight is muscle instead of fat, and a higher BMI means higher prices. Since you like saving money and being fit, this should be a win win for you.