What Does Term Life Insurance Cover? 
Term life insurance covers nearly all causes of death : accidental death , death caused by health related issues , and death due to `` old age '' . Because it is temporary in nature , many people will find that their term policy has lapsed before death occurs . However , if you keep it in effect by paying the premium -LRB- and it is possible to convert many term policies to permanent policies , if you do it during the window of time provided for that purpose -RRB- , it will pay the death benefit for almost all types of death . 