What can I do when my term life insurance policy ends?

If you have term life insurance and your expiration date is coming up soon, you may be wondering about your options going forward.

It's important to consider this question before your current term life policy expires.

If you feel you have a need for continued life insurance coverage beyond the expiration date of your term insurance policy, you may want to renew your policy for another "term". Usually you can renew coverage for up to 10 years...
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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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