What happens to your life insurance when it expires?
When a term life insurance policy reaches the end of its contracted duration, the policy expires and coverage ceases entirely. Because term policies function strictly as pure risk protection without building cash value, no death benefit remains, and all premiums paid over the life of the contract are retained by the insurer. To maintain insurance protection, policyholders must either convert the policy into a permanent plan if a conversion rider was included, or apply for brand-new coverage, which will carry significantly higher premium rates reflecting their older age and current health status.
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