Can A Life Insurance Policy Expire? 
Yes , a life insurance policy can expire . Some Term policies will expire at the end of the term , while others will go into years of annually renewable term -LRB- meaning the premium can go up every year -RRB- before the policy expires . Permanent insurance will not expire if it is set up to last until death at any age , and if all policy payments are on time with no unpaid loans . Some permanent life insurance policies are set up to expire at a certain time . 