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 term of your policy ends.
If your term life insurance policy expires and you still need life insurance, you may apply for another life insurance policy but you may have to prove insurability by taking a physical exam.
However, some insurers offer
no exam life insurance policies which usually cost more than life insurance requiring an exam.
