What Happens When A Term Life Insurance Policy Ends?

1. 

   4330 POINTS

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   Jerry Vanderzanden, CLU, ChFC

   Co-Founder, Coastal Financial Partners Group, California

   When term life expires, the coverage ends and premiums stop. Depending on the policy, there may be valuable conversion rights that may be available before the end of the term period or coverage end. Most term policies will expire before the insured does so it is important to plan ahead if coverage needs to be maintained.

   Answered on May 13, 2013

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2. 

   63333 POINTS

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   Peggy Mace

   Most of the U.S.

   Term life insurance ends when you quit paying it. Most term life insurance is guaranteed to stay level for X number of years, and then the premium jumps very high and keeps going up every year. Most people quit paying it before having to pay these high premiums. When Term life insurance ends, it does not have any cash value and would no longer pay the death benefit if the insured person died.

   Answered on May 14, 2013

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