Egmail,
Buying a term policy is really just about acquiring an amount of pure life insurance protection for a limited time period. So the question that really comes back to you is, "What would be the FINANCIAL impact if you were to pass away unexpectedly?"

If your accumulating savings are sufficient for your survivors and heirs (a spouse? children?) to achieve your goals, even if you weren't around to earn additional income, then you don't really need any life insurance.

For many, there is still a need for at least some life insurance while they are still working, as their savings alone are not sufficient to fund all of their retirement, children's college, and other goals - if it was enough, they in all likelihood they would BE retired already.

To the extent that you need protection, buying term insurance is simply about buying what you need, for the time period that you would need it.

I hope that helps a little!