What Happens At The End Of A Term Life Insurance Policy? 
When a term life insurance policy is has expired the first thing the policy owner will notice is a sharp rate increase , usually ten fold . The policy will not necessarily terminate but will be very expensive to continue . There are a few things the owner can do . First cancel the policy and apply for a new policy . You may convert a portion of it to permanent insurance such as a whole life or universal life . This would be used if there were health conditions that would cause the owner now to be uninsurable . I recommend having an experienced life insurance broker work with you at least one year before the term policy were to expire to prepare in case of some unpleasant outcomes . 