Yes, a life insurance policy can expire.

Term life plans provide temporary coverage lasting for a set period of time, usually up to a maximum period of thirty years.

However, you may be able to choose a policy duration (term) of 10, 15, 20, 25 or 30 years.

If you are alive when the term life insurance expires, the coverage ends.

You may have an option to renew your policy for another term of 10 years or less, if you still need coverage.

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When does a life insurance policy end?

Life insurance ends either when you cancel your policy, or the life insurance company cancels due to non-payment.

However, your life insurance coverage expires only if you have a term life insurance policy which the term has ended, and you did not choose to renew your policy for another term, which is usually a one year (annual) term.

A permanent life insurance policy does not expire, it provides you with level premiums and lifetime protection.



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Yes, term life insurance policies do expire.

For instance, if you have a 10 year term life insurance policy, and you outlive the 10 year term, the life insurance coverage spires, you are no longer insured.

However, renewable term life insurance plans will allow you to renew the policy for another term, which may be 1 year, or longer.

In addition, convertible term life insurance policies may allow you to convert the term life insurance coverage into a permanent life insurance policy before the te...
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