What is the view on term life insurance to 99? is this a good legacy to leave behind?

Hi Anon,

If you get a term to 99, you're almost certainly going to claim it (well, not you, but your family).

If you look at the maths, the earlier you die, the better your ROI.

However, you have to ask the question: What if you live past 99?

So hopefully, your Term to 99 has some kind of survivorship rider which pays in the event you live past age 99.

The alternatives are either a whole life or universal life, both of which have higher yearly premiums or require a large single premium. A term to 99, since it spreads the premiums over the entire duration of the plan, will be a lot cheaper on a per year basis and this may be easier for people to manage their cash flow. This is probably the best way to practically create a legacy without a large capital requirement upfront.

Life insurance is a good tool to use to leave behind something for your children safely. In addition, while achieving this purpose, it also provides coverage for you during your life journey. So is like one stone kill two birds