How Long Should You Have Term Life Insurance? 
You should have Term Life Insurance as long as you have needs that would be unmet if you were to pass away . E.g. Do you have children at home who rely on your income ? Debts that your family would be left to pay ? A business partner who would be left hung out to dry ? Would loved ones need to take up a collection to pay for your funeral ? These are just some of the many reasons people keep their Term Life Insurance . If all your needs are provided for and you feel confident that no end of life medical bills or other expenses will deplete your reserves , you no longer need Term Life Insurance . 