At What Age Does Life Insurance End? 
The age that Life Insurance ends is dependent on the age that the person was when they took it out , and the type of policy they took out . For Term Life Insurance , the policy ends -LRB- or goes up in price to what is usually an unaffordable cost -RRB- at the end of the term . Therefore , someone who is 55 years old and takes out a 10 year Term policy will have to find a new policy at age 65 . For Whole Life Insurance , the policy ends when death occurs or when the policy matures -LRB- typically at age 100 -RRB- . At either time , the full amount of the death benefit is paid -LRB- when the policy matures , you are actually receiving the cash value , which becomes equal to the death benefit , called `` endowment '' -RRB- . If you quit paying premiums on the policy , or borrow without paying it back , the policy could end sooner without any benefit being paid . This is true for any type of Life Insurance policy . Some Whole Life policies are paid for with a single premium ; as long as you do n't borrow from them , those will be in effect upon death or maturity without paying any more premiums , as will any policy that is `` paid up '' at a certain point . Universal Life operates much like Whole Life , except you can pick an age at which your guaranteed coverage will end . 