I have a term life insurance policy that’s nearing its maturity date and I’m not quite sure what to expect. What happens when a term life insurance policy matures? Are there any options to renew or convert the policy? What should I consider in terms of continuing coverage or other alternatives?
Could you please identify the company? I would like the same policy, lol.
Just convert to permanent insurance since many term life insurance policies allow you to convert to a permanent policy, such as whole life or universal life, without requiring a medical exam. You can normally do this until a specific age or before the term expires.