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...