When a term life insurance insurance policy matures, nothing happens, the life insurance coverage just expires.
A term life insurance plan provides life insurance for a set period of time.
If the insured person outlives the term of the term life insurance policy, the coverage ends.
Or, the insured may choose to renew the policy for another year, at a higher rate based on the person's age at time of renewal.
A term life insurance plan provides life insurance for a set period of time.
If the insured person outlives the term of the term life insurance policy, the coverage ends.
Or, the insured may choose to renew the policy for another year, at a higher rate based on the person's age at time of renewal.
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