My Term Life Is Paid To 80, So If I Die After 80 Is The Policy No Longer In Effect? 
Term life insurance covers you for exactly what it states , a term or specific time for example 15 , 20 or 30 years . During this term , your rates should be guaranteed level , if not find a policy that is . After the term , most policies convert to what is called annual renewable meaning the rates will go up annually but not to exceed a guaranteed amount . So , if your paid to age 80 , you may have an option to continue coverage annually to a later age . Look at the policy for specific details to see if this is the case . 