Does term life insurance pay out at the end?

Does a term life insurance policy pay out at the end of the term?

A term life plan is temporary life insurance for a set number of years. If you pass away during the term of your policy, your death benefit is paid out to the person or persons named as beneficiary to your life insurance policy.

If you are alive when your term ends, there is no death benefit paid put on your term life policy, your life insurance coverage expires.

However, if you have a return of premium term life insurance policy and you outlive the term (duration) of your term policy, you will get back most of the premiums you paid for your term life insurance coverage.

Keep in mind, premiums are higher for a return of premium policy compared to a regular term life policy. You are betting that you will survive for the entire term, and get your money back.