What Happens When A Life Insurance Term Expires? 
That is a great question ! A term policy lasts a designated period of time , and then ends . In some cases , it is a set number of years , 5 , 10 , 20 , or 30 . In other cases , like the popularly advertised tv policies , they end when the insured turns 80 . In any case , to keep being insured , you need to renew it -LRB- at very expensive rates -RRB- , or find other coverage -LRB- which may also be very expensive if your health changed for the worse before the policy ended -RRB- . A term policy is great for certain things , and not so great for others . It is always wise to consult with a good agent before purchasing a policy . If you need help with this , please feel free to contact me , I will clear room on my schedule for you . I 'm happy to help . Thanks for asking ! 