Does Term Life Insurance Expire at Life

Does Term Life Insurance Expire. Does term life insurance expire if you leave your job? When does term life insurance expire?

The premium guarantee period on a traditional term life insurance policy will last until your term period expires (e.g. Does term life insurance expire if you leave your job? Term life insurance expires at the end of the contracted term, which is determined when you purchase the policy.

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Technically, most term life insurance policies don’t expire due to a guaranteed renewability feature, which enables you to lock in your underwriting class and extend your coverage for short periods of time. What happens to term insurance when it expires? After all, your life has likely changed quite a bit in the last 10 or 20 years. At the end of your initial term, most term policies do not expire.