What Happens When Your Term Life Insurance Policy Expires?

What are my options when my term life insurance plan expires?

If you own a term insurance policy, you may have several options to choose from when your coverage ends.

You may choose to go without any life insurance protection at all.

You may purchase a new life insurance policy, either term or permanent coverage.

You may be able to renew your expiring term life policy for an additional term, usually up to ten years.

Keep in mind, if you have any serious health conditions you may want to renew coverage if you need it, since your health may prove difficult to qualify for affordable life insurance protection.

Learn more about what happens when your term life insurance policy expires.