Term life insurance is a type of coverage providing temporary insurance for the duration of your life insurance policy term, which is usually either 10, 15, 20, 25 or 30 years.

If the insured person does not die during the policy term, the coverage expires with no payout of any benefits.

However, if you still need life insurance, you may contact the insurance company before the expiration date and request a renewal of your policy for an additional term, usually up to 5 or 10 years.

The renewal p...
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If you are insured by a term life insurance policy, and you don't die during the Policy Term, then the following happens:

• The is no payout of any death benefits, since are are still alive.
  
• The life insurance coverage ends, and you pay no more premiums.
  
• You may have the option of renewing your term life insurance policy for another term, usually up to 5 or 10 years, at a new rate based on your age at the time of renewal.
  

However, you will need to contact the insurer before expiration of your origi...

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If you own a term life policy, you may be wondering what happens when your coverage ends.

At the end of your policy term, your life insurance coverage expires, which means you are no longer insured.

You may have the option to renew your coverage for an additional term, usually for a period of up to ten years.

Your premium at renewal of your policy will increase based on your age at that time.

Or, you may choose to go without any life insurance coverage.

Another option would be to buy a new life in...

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If you have term life insurance protection you may be wondering about your options when your coverage ends.

Well, you have a few to choose form, but it really depends on what your situation is and if you still need life insurance protection.

• You could go without any life insurance.
  
• Buy a new life insurance policy, which would likely require you to take a medical exam.
  
• Renew your current term life insurance policy, usually for up to ten years of coverage.
  

These are three of the most common options ...
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I you own a term life insurance policy and it is about to expire, you may have any one of several options available.

You could choose to do any of the following:

• Let your life insurance coverage expire and go without life insurance if you no longer have a need for coverage.
• Renew your policy for another term, usually up to 10 years, with your renewal premium based on your age at the time you renew your policy.
• Choose to purchase a new life insurance policy from a different life insurance company....

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If you take out a term life insurance policy and you out live the term then you will need to be aware of your options:

1. Your Life Insurance Premiums Will Increase. If you are nearing the end of your term and you want to continue your life insurance, you will need to pay a higher premium.

2. You Can Apply for a New Term Life Insurance Policy. If you are healthy at the end of your term life policy buy you want to continue your life insurance coverage, you can apply for a new po...

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A term life insurance policy has a start date and an end date.

Many term life policies will offer renewal after the end of the guaranteed premium period; however, the rate increases are usually substantial, so it may cost a lot more than you were paying for your original term life insurance coverage.

If you are healthy and can qualify for a new life insurance policy, that might be a better option than renewing your expiring term life insurance.

If you have a permanent need fo...

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Term life insurance is temporary coverage for a set period of time.

The term is the period of time that the premium and coverage is guaranteed.

If you have a term life policy and the guarantee period on it is expiring, you have a several options that may be available:

1. You can continue to pay the annual premiums as the term policy will be annually renew, however, the premiums will start to go up each year (based on age) by a substantial amount. That means each year you will ...

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What happens at a life insurance exam depends on your age, the life insurance company, and the amount of life insurance for which you are applying. 

If you are young and applying for a small life insurance policy under $100,000 of coverage, it is possible that all that is needed is answering some medical questions, and maybe giving a sample of urine for testing.

For most people that apply for a medically underwritten life insurance policy over $100,000 of coverage, a blood ...

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When the term of a term life policy has ended, either:

1. The life insurance policy ends, which means there is no longer any life insurance coverage, or

2. The life insurance policy goes into an annually renewable term, unless

3. It has a rider or feature that enables it to enter a new level premium for a term of 5 or 10 years usually, at a higher price.

This new annually renewable premium is much higher than the original term life insurance premium was and can go up every year ...

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