How Long Should You Have Term Life Insurance? 
Term life insurance is really only for specific needs because term life is only insurance against a person dying `` too soon '' . -LRB- Of course dying at any time is `` too soon '' in most people 's opinion ! -RRB- The point being that there are debts or spouse and or children that would need to be financially cared for in the case of the demise of the insured . And that after a certain point in time those issues would no longer be relevant . In my opinion Whole Life is a much superior product and has benefits and advantages for the entire life of the insured no matter how well off the family is and if there are no debts ! You should consult with an experienced Insurance Adviser / broker to help you with your specific situation . 