Different people and cultures believe different things for the answer to this question. The meaning of life as we perceive it is derived from philosophical and religious contemplation of, and scientific inquiries about existence, social ties, consciousness, and happiness.
A long-term financial plan should include these elements. Time Horizon. A plan should look at least  five to ten years into the future. Scope. A plan should consider all appropriated funds, but especially those funds that are used to account for the issues of top concern to elected officials and the community. Frequency.
The benefit period can be as short as 13 weeks or as long as retirement age. The longer the benefit period, the higher the cost of coverage will be because the potential liability to the insurer increases. Keep in mind, however, that if you are close to retirement, you may only need a one- or two-year benefit plan.