In your talk on financial planning, you recommended consumer to buy term insurance for a term of 25 years or shorter. Why a term of 25 years or shorter? Should we cover ourselves till retirement age of 65 for term insurance? Thanks.
After 25 years, your children have grown up and you have sufficient savings at that time. But if you wish to be insured until age 65, it is okay as the difference in premium is quite small.
Read this book.