If you have term insurance you may may have one of several choices available to you when your coverage expires:
- Buy a new life insurance policy.
- Renew your current term life policy.
- Go without any life insurance protection.
Another option would be to contact the insurance company prior to expiration and request to convert your term life insurance into a permanent life insurance policy.
If you life insurance offers convertibility, there should be a date stated in the policy by which you may convert your coverage to permanent insurance.
Learn more about your options when term life insurance ends.