What Happens At The End Of Term Life Insurance? 
That is a great question ! Unlike a whole life policy , which ends when you do , term policies almost always end before you do . It 's why they are so cheaply offered , statistically , the companies rarely have to pay out , compared to whole life policies . So when they do end , you have really only three choices : walk away as if there never was a policy , -LRB- since there is nothing contractually obligating either of you anymore , in the typical policy case -RRB- , hope that the policy has a conversion clause -LRB- one that allows your paid premiums to be converted to a paid up whole life policy with a greatly reduced face value -RRB- , or you renew the policy . If you choose the latter , be prepared for the policy to renew in one year terms , and for the price to go up exponentially each time . They get very expensive very quickly . This can be a real problem if it happens when age or health issues prevent you from finding another company that will write you . This is often the case with the term policies that companies like AARP and AAA offer , policies that end when you turn 80 . With life expectancy now averaging years longer than 80 , and the increasing costs as you age , more and more Elder citizens find themselves out a lot of money , and with no protection . Please be careful when you are looking at these kinds of policies , okay ? Thanks for asking ! 