INSURANCE · LIFE

Outlived Your Term Policy?

Coverage ends. Here are your 4 choices.

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ENTRY 01 · LIFE

$0

PAID BACK (STANDARD)

A standard term policy refunds nothing when it ends. Return of premium policies differ.

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ENTRY 02 · LIFE

Let it go

NO DEPENDENTS LEFT

Kids grown, mortgage paid, savings solid? You may not need more coverage.

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ENTRY 03 · LIFE

Renew

HIGHER PRICE

Most term policies can be renewed, the NAIC says, but premiums are higher.

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ENTRY 04 · LIFE

Convert

NO NEW EXAM

Switch to permanent coverage before the conversion deadline. Useful if health changed.

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ENTRY 05 · LIFE

6–12 mo.

START EARLY

Shop before the end date and keep the old policy until a new one starts.

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FINAL ENTRY

Plan before your term runs out.

The full guide: renew, convert or buy new, plus questions to ask your insurer.

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