Coverage ends when the term expires unless the policy allows you to renew it. Renewal typically costs more because life insurance becomes more expensive as you age. If the policy doesn’t guarantee renewal, you may need to apply for new coverage, and changes in your health can result in higher premiums or make it difficult to qualify.
verifiedCite
While every effort has been made to follow citation style rules, there may be some discrepancies.
Please refer to the appropriate style manual or other sources if you have any questions.
Select Citation Style