When To End Term Life Insurance? 
A good time to end Term Life Insurance is right before it enters the annually renewable premium at the end of the term . The premium goes up very high then and will continue to go up each year . If the coverage is still needed and health makes it prohibitive or impossible to get a new policy , it is better to convert the Term policy to Whole or Universal Life at that time . If you wait until the Term expires , the * conversion privilege is lost , so it is important to address this before the term ends . * Some Term policies do not offer the opportunity to convert , and for some , the ability to convert them to permanent ends after a set number of years rather than to the end of the term . 