What Happens At The End Of A Term Life Insurance Policy? 
Depending on the type of term policy that was purchased one of two things will happen . The first is the term life policy will simply expire and you no longer have coverage . The second the term is complete and you will experience a very steep rate increase . It is not unusual to see rates increase 1,000 % . This is to `` inspire ' the policy owner to apply for new coverage and be underwritten again . 