Does Life Insurance End At A Certain Age? 
As my colleagues have said , in addition to cost , there is a difference between Term Life policies and Permanent Life policies . With Term policies , one usually purchases a contract for a specified number of years , 10 , 15 , 20 or 30 for example . Once the specified number of years is up , the policy will lapse unless the insured has exercised a conversion of the coverage to a Permanent form , if that option is available . A Permanent form is a bit different in that they are designed with the idea that the insured will maintain the policy throughout their life . In many cases these will `` mature '' at age 100 and annuitize . 