What Age Does Life Insurance Expire? 
If you have Term life insurance , the policy will expire when the term ends . So if you have 20 year term , the policy will expire at the end of year 20 . Either that , or it will jump up to a price that is unaffordable for most people . If Whole Life for which premiums have been paid on time and , if there there loans , the loans have been repaid with interest , the policy will not expire . It may endow , which means the cash value equals the face amount , allowing you to take the proceeds while alive . But it will not expire . Universal Life that has a no lapse guarantee is similar to Whole Life . Most Universal Life policies have a shorter guaranteed period after which they might expire . Usually , they last much longer per current interest rates . You would have to order a current illustration to find out how much time is left on your UL at both current and guaranteed interest rates . 