20 to 25 years is most common but it really depends on
your personal circumstances.
The number of years that the policy runs for is described
as its term.
Basically, unless the insurance is to cover a mortgage,
you should take out cover for as long a period as you can afford. If you
do not, and find yourself having to take out new insurance at a much older
age, you will find it very expensive and if your health has deteriorated
you may not even be able to find a company that will even insure you at
any price!
If the insurance is to cover a Mortgage, the term should
always equal the time remaining on your mortgage.
7 years is the usual minimum term. The most common length
of time for a policy to be in force is 20 to 25 years. You’ll also
find that many companies will not insure you beyond the age of 65. A few
will go to 70 but at that point, cover is becoming very expensive. Because
of this, the maximum age we will insure online is 65.