When your term ends, you have four choices. You can apply for a new policy, which usually costs less than renewing if you’re still healthy. You can renew, without health questions but at a higher premium. You can convert to permanent coverage without health questions, before the deadline in your policy. Or you can let it end: coverage stops, and there’s no payout and no cash value.
What happens if I outlive my term life insurance policy?
Reviewed by Garrett Agencies Ltd., October 2026. How we write
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More about term life insurance
A set amount of life insurance for a set period, at a lower cost than permanent coverage.
More questions about term life insurance
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