Does Life Insurance Expire? 
All life insurance expires it is just a matter of when . Term life insurance is purchased by the expiration date . Term can be purchased by level premiums for 5-10-15-20-25-30-35 years . Technically term life insurance will not expire on that date but the premiums will increase drastically in most cases ten fold and expire around age 80 or 85 . On permanent life insurance or cash value life insurance , the expiration is determined by the level of premium . On a whole life or universal life you have different levels of premium known as minimum , target and maximum . The target premium can be set for a certain age . Most common is age 95 or age 100 . There are several companies that will allow the target to be adjusted to an age range of 105 to 150 years old . Which it would be a miracle to live past age 150 , but if one did , the policy would expire . 