Can Term Life Insurance Be Extended? 
Some policies offer a Guaranteed Insurability Rider that allows you to obtain additional life insurance at certain dates , regardless of health . Also , new `` Term-UL '' products combine features of Term and Universal Life , giving you more flexibility than just Term life insurance . Regardless of how life insurance is extended , it almost always costs more than the original rate . The exception would be if your risk lessened and you are able to qualify for a new policy at a better rating than you originally had . 