How Long Does A Term Life Insurance Last? 
Term insurance keeps the premiums fixed and guaranteed for a specific number of years -LRB- e.g. 10 , 15 , 20 , 25 , or 30 years -RRB- or is age-banded - banded life insurance policies increase every 5 years when you hit the next age bracket -LRB- e.g. 50-54 , 55-59 , etc. -RRB- Under traditional policies , after the term period has expired , the premiums change to annual renewable term insurance and increase each year -LRB- based on age -RRB- . You can elect to continue the existing term insurance policy up until age 95 -LRB- with most policies -RRB- , however , the price to keep that policy in force becomes astronomical and you would never pay it past the first couple of years -LRB- if at all -RRB- . Most people replace a term insurance policy with a new term or permanent policy before the term period on their current one expires . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much . 