Just slipped my boat to antifoul and replace the rubber diaphragm that seals around the saildrive leg.
Volvo recommend replacement of the diaphragm every 7 years which I've read is very conservative.
Thinking mine would have been replaced in 2001 when the motor was changed by the previous owner I thought 13 years was about the right time to replace it.
When I removed it I found the date stamp indicating it was manufactured in 1993 and installed in 1994 when the yacht was built, so it was in service for 20 years old. ( first 7 years it's a charter yacht)
As the photos indicate the inter rubber ring had deteriorated significantly.
I wouldn't suggest you wait 20 years to replace but 7 is certainly very conservative, maybe in between would be about right.