Question by tanorak2: How long should I get a term life insurance policy for?
I’m researching term policies to cover the shortfall for life insurance from my work. How long is reasonable to get a term policy for? Term to 60, 75 or 100 years?
Best answer:
Answer by parsonsel
Get it for how long you need it.
If it’s for mortgage payoff, get it for the length left on your mortgage.
If it’s for taking care of kids, get it for the length of the youngest to turn 18. They can get jobs/grants to pay for college.
If it’s to take care of a non-working spouce, get it for as long as you expect her/him to live.
If you’re single, don’t bother as you have no one to take care of and the house will be paid for out of your estate.
But this is just my opinion.
Know better? Leave your own answer in the comments!