What should be the ideal term for life insurance coverage?

A term life insurance plan should ideally last until key financial responsibilities, such as children's education, loans, and spouse dependency, are completed. In most cases, coverage till 55-60 years is sufficient if these obligations end by mid-to-late 50s, Liveint reported. A longer cover of 70-80 years may be beneficial if there's a non-working spouse or children due to late parenthood.