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...