If you own a term life policy, you may be wondering what happens when your coverage ends.
At the end of your policy term, your life insurance coverage expires, which means you are no longer insured.
You may have the option to renew your coverage for an additional term, usually for a period of up to ten years.
Your premium at renewal of your policy will increase based on your age at that time.
Or, you may choose to go without any life insurance coverage.
Another option would be to buy a new life insurance policy, but you may be required to take a medical exam in order to qualify for your new life insurance.
Learn more about What happens at the end of a term life insurance policy?
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