What Age Does Term Life Insurance End?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaTerm life insurance may have a guaranteed level premium for a time certain, but most policies actually can be continued to age 95 with annual renewable or yearly renewable term. It is very expensive to use this coverage approach. You might be able to convert your term life insurance to a permanent life insurance policy.Answered on August 11, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.Term Life insurance either ends or jumps way up in price at the end of the term (some policies are only guaranteed to stay the same premium for part of the term, and could jump up in price before the term ends). The age at which this happens, of course, depends on the age at which the policy was purchased and the length of the term policy purchased.Answered on September 2, 2013flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! Term life policies are usually for a set number of years, and are clearly stated - five, ten, twenty or thirty years, most commonly. There are some, like the ones offered by AARP, or AAA for example, that set the end date as your 80th birthday. If you live to be 80 and a day, your options are very limited, as the price to renew your expired coverage is typically 110% what your previous cost was, and finding other insurance to replace it may be very costly or impossible to get. It is important to speak with a knowledgeable agent before purchasing any insurance policy. Thanks for asking!Answered on July 3, 2014flag this answer
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