A term life insurance policy will typically only pay out a death benefit if the insured were to pass away before the end date of the policy.

Term life insurance policies are typically sold in ten, fifteen, and twenty year terms which is how long your coverage will last. Remember every policy is different.

Read your life insurance policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over your life insurance policy with you.

If the insured person dies within the term of the policy, before it expires. then the death benefit is paid out to the beneficiary of the policy.

If the term life insurance expires and the insured person outlives the term, there is no longer coverage and no death benefit would be paid after the term ends.

Fot example, with a 20 year term life policy, the policy would pay out a death benefit if the insured person dies within the 20 year term, subject to any exclusions in the policy. Learn more about level term life insurance and how it works.