Term Length Worksheet

Start with the year each obligation ends. The longest material need suggests a maximum term; layered policies may fit when needs decline at different times.

Single term

Use a single policy when most important obligations end around the same time and simplicity matters.

Layered terms

Consider multiple policies only when coverage needs decline on distinct dates and the extra administration is acceptable.

Obligation	Amount or annual need	Years remaining	Essential?	Notes
Income replacement
Mortgage or rent support
Childcare
Education
Business debt
Other dependent support
Other