I advocate a basic WL (with CI/ECI cover) plus term till 65. This will provide cover for after 65 as well as affordable and sufficient cover during your working years Of course, the argument why you don't get WL if you buy term invest the rest is that after 65, the investment you have built up will serve as sufficient self-insurance. There are a few points to take note if you choose BTIR route: 1) Market conditions when you are 65 is uncertain. Sure, over 20 years, markets generally are better, but this is not a guarantee. 2) Your investment after 65 should be providing you a passive source of retirement income. If something major happen, you will have to dig into this portfolio. Depending on the severity, the passive retirement income you are depending on will drop.