Does Term Life Insurance End At A Certain Age? 
Term life insurance may end at the end of the term , or it may go up in price at the end of the term . The end of the term is the period when the guaranteed premium ends . E.g. . If you buy a ten year term policy , the policy will end or the premium will go up at the start of year 11 . Because the premiums go up so high , most people do end their term policies when the term ends . However , if there is a provision for the premium to go up -LRB- called annually renewable -RRB- , it can go up to whatever age the policy dictates . Some are annually renewable as high as age 90 . Another option offered for many term policies is to convert the policy to permanent insurance . This must be done before the term ends . Again , the price per thousand dollars of coverage is much higher for the new policy than it was for the term policy . However , it is a good option if you can not qualify for new insurance , and you may be able to take a smaller face amount to keep the premium affordable . 