Unless there is a short term need that can be met by term insurance, any term life policy at age 50 or over could very easily end before the insured person's death occurs.
When the term of your term life insurance ends, it could be difficult to find a new life insurance policy. Not only do health conditions become far more common at older ages, but the price for a life insurance policy increases as you get older, based on your age, health, and other risk factors.
There are a number of permanent life insurance policies that can be purchased for persons at age 50 or over with no medical examination required.
There are also guaranteed issue life insurance policies for those who are considered uninsurable due to health issues.
Here's how to learn more about Over 50 Life Insurance and compare free, instant life insurance quotes among leading insurers.