---
title: What happens when my term life policy ends | Coverfolk
url: https://coverfolk.com/answers/when-term-life-ends
updated: 2026-10-08
---

# What happens when my term life policy ends?

Updated October 8, 20264 sourcesCoverfolk team[Fact checked](/editorial-standards)

The short answer

Your coverage stops and no money is paid out. You may be able to renew it, convert it to a permanent policy or buy a new one.

Term life only pays if you die during the term. When the term ends, the policy no longer covers you.

Renew: Many term policies can be renewed even if your health has changed. The price usually goes up each time. Ask if renewal stops at a certain age.

Convert: Some policies let you switch to a permanent policy for a limited time without health questions. The new premium will be higher.

Buy new: If your policy cannot be renewed, you must apply for new coverage. That means new health questions and maybe an exam.

You do not get your premiums back unless you bought a return of premium rider.

* Renew the policy
* Convert it to permanent life
* Buy a new policy
* Let it end if you no longer need it

## More questions

### Can I get my money back when term ends?

Not with a regular term policy. Only a return of premium rider pays you back, and it costs a lot more.

### Should I let it end?

If your kids are grown and debts are paid, you may need less coverage. Check before you decide.

## Words to know

[Premium](/glossary)
:   The amount you pay an insurance company for your policy.

[Return of premium](/glossary)
:   A term policy that refunds all your premiums if you are still alive at the end of the term. It costs much more than plain term.

[Rider](/glossary)
:   An add on to a policy that changes what it covers. It can add benefits, lower them, or leave some things out.

## Sources

1. [NAIC: Life Insurance](https://content.naic.org/consumer/life-insurance.htm)
2. [Washington Office of the Insurance Commissioner: Life Insurance Guide](https://www.insurance.wa.gov/sites/default/files/2025-03/life-insurance-guide.pdf)
3. [Triple-I: What are the principal types of life insurance?](https://www.iii.org/article/what-are-the-principal-types-of-life-insurance)
4. [NerdWallet: Life Insurance Riders](https://www.nerdwallet.com/article/insurance/life-insurance-riders)