What Happens When A Life Insurance Term Expires? 
If a life insurance term expires the policy may go out of force or renew at a higher premium . What happens depends on the type of plan and the wording of the policy . Term insurance policies have an end date after which they will not renew -LRB- age 85 for example -RRB- . If the policy is a 10 Year Renewable Term , then it will renew at a higher premium at the end of each 10 year period . The policy is usually convertible to a permanent level premium policy with no medical evidence prior to a given age . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 