Does Term Life Insurance Ever Expire? 
Term life insurance policies do eventually expire . Some expire at the end of the term . Some become annually renewable term policies at the end of the term , then expire some years after that . Whether or not your term policy expires , the price usually becomes unaffordable at the end of the term you originally took out . It is better to convert your policy to permanent insurance before your term ends , if you have that option . With many term policies , converting them to permanent will allow you to lock in a premium for the rest of your life . 