When Does Whole Life Insurance Expire? 
Only term life insurance expires . Whole life and universal life actually endows . It depends on how the agent sets the policy up at point of application , but the premiums are based on minimum , target and maximum premiums . The illustrations will show the age that was targeted for the coverage to endow . The most common ages are 95 , 100 , 105 and 121 years old . The whole life policy will endow at the specified age which means the premiums will begin to exceed the death benefit . At this point , you can take the cash value , you can continue paying premiums to allow the cash value to grow or you can stop paying premiums and allow the money to grow and leave your beneficiary the cash as a death benefit . Whole life insurance will not just simply expire . 