Does Life Insurance End? 
Today the answer is yes and no , depending on the type of policy purchased . With term insurance there definately is an end without regard to the insured 's situation . If the insured is still alive at the term policy 's end , coverage ceases and the insured is left to fend for themselves . With whole life , depending on the type of policy , the policy will end -LRB- endow -RRB- at an age where the cash value becomes greater than the death benefit . In that situation , the cash value would go to the insured , ending the policy . With a newer product , Guaranteed Universal Life , some plans offer coverage as long as the insured pays the premium . These GUL plans create a level premium that guarantees payment as long as the premium is paid . 