Should I get term life insurance till 65, 75 or 100 years old? - Seedly
Seedly logo
Seedly logo
 

Fresh Graduates

Insurance

Term Life Insurance

Financial Planners

Anonymous

Asked 2w ago

Should I get term life insurance till 65, 75 or 100 years old?

0 comments

3 answers

Answer Now

Answers (3)

Sort By

Hey there!

It really depends on your needs and life stage and purpose. Of course, some term plans offer options for you to be covered for a certain period eg. 20 years etc eg. AIA Flexi Secure Term.

You need to find out what is your budget and how long do you want to be covered for.

Financial planning is an integral part of life. You can reach me here to find out more.

0 comments

👍 1

It depends on your needs. There is no way we can give a proper answer for a vague question.

For this purpose, you may wish to spend quality time to understand your needs. Thereafter, we can determine whether it is sufficient to insure till age 65, or whether we need coverage beyond this period.

I share quality content on estate planning and financial planning here.

0 comments

👍 0
Brandon Lim
Brandon Lim
Level 5. Genius
Answered 2w ago

Depends on why you need the life insurance for. If it is for your liabilities and dependents, then maybe 65 might be a good age. After all, by 65 years old, your children may no longer depend on your income and you likely have paid off all your loans or other forms of liabilities.​​​

0 comments

👍 0