What Happens When Your Term Life Insurance Ends? 
It depends on the exact type of term policy you have as to what happens when a term life policy ends . One way is the policy will just cancel and you will need to purchase another plan if you still have a need for life insurance . The second and more common term life policy will not cancel but the premiums will increase sharply , usually 8 to 10 times in order to get you to cancel the coverage and be underwritten again . 