At What Age Does Term Life Insurance Expire? 
It generally does not expire at an exact age and most people wont keep a term policy past the term premium guarantee period . The premium guarantee period on a traditional term life insurance policy will last until your term period expires -LRB- e.g. if you have a 30 year term policy , the premium will remain fixed and guaranteed for 30 years -RRB- . When the term period expires , the policy changes to annual renewable term insurance and the premium will increase each year -LRB- based on age -RRB- - this can generally be continued up to age 95 on most policies . However , the premiums that would be needed to continue the coverage will be SUBSTANTIALLY higher than what you were paying before and will only go up and up . Term policies on a UL chassis may keep the premiums the same past the term guarantee period , but rather than the premium increasing , the death benefit will decrease each year - can vary by company . Another type of term insurance is banded coverage - meaning premiums will increase every 5 years as you hit the next age bracket . These are generally term insurance to a specific age - generally up to either 80 or 90 . If you live past the designated max age , the coverage will cease immediately -LRB- if kept that long -RRB- - supplementing your term coverage with permanent coverage can be of great value . 