Life of the bearings will also depend on the driving you do. If you autocross a lot or do occasional track days, the bearing set will take a lot of abuse and may not last more than a few years.
The left front bearing hub on my 87 is getting loose and the car only has 71K on the clock and I do 8-10 autocross events each year and a couple of track days.
When bearing begin to fail, you should be able to see it by raising a front wheel and grab the tire at the 12 and 6 o'clock positions and move the wheel in and out. Any excessive movement will usually indicate worn bearings.
Wheel bearing sets for the 96 can be expensive. Figure on anywhere from $160 to over $200 each! :cry