What Happens When Term Life Insurance Matures? 
Term Life Insurance does n't `` mature '' ... It terminates - expires - ends . When a term policy ends , that 's it . No more insurance . If you live longer than the policy the insurance company keeps what you 've paid and usually will offer to sell you another policy . At much higher rates of course as now you 're older than you were when you bought the first policy . And of course you will have to qualify again by taking another medical exam and being young enough to be insured . 