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How long do you need life insurance?

You should buy term insurance for as long as your dependents will need your income.

For instance, it might be until your children are grown, or until retirement. Perhaps you are paying a mortgage, or contributing to a college fund. Who will make these payments if you should die?

The goal should be to buy lots of (cheap) term insurance while you are building your investments. Once your investments are available (for instance in retirement), then you no longer need as much life insurance.

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