Does Term Life Insurance Run Out? 
Term life insurance does run out . When it runs out is dependant upon the term that was intially purchased . Most term life insurance is offered in 10 , 15 , 20 , and 30yr terms . This type of insurance is less costly than whole life -LRB- or permanent insurance -RRB- , so it is typically used to provide coverage during peoples lives when they have young children , mortgages , or other large debts that would leave the family financial strapped if they should pass . There many types of life insurace available and it would be best to consult with a local agent to ensure that you get the coverage that best meets your needs at the point in your life that you get it . You should go over your coverages for all of your insurance with your agent at least once a year . 