What Happens At The End Of Term Life Insurance? 
Depending on the type of term life insurance policy you purchased , really one of two things will happen at the end of the guaranteed term . The first and most common is you will see a dramatic rate increase , some times as much as 1,000 % . This is to insure you cancelling the policy and applying for another plan so underwriters get another chance to underwrite you . The second type of policy action is you receive a letter in the mail that states on this date your policy will cancel and coverage ends . 