How Long Does Term Life Insurance Last?


 How Long Does Term Life Insurance Last?: Normally, term life policies are anywhere from five to 30 years of coverage. The policy might also end if you hit a specific age, which is usually around 65-years-old. If you reach the end of your policy, you might be able to renew it, depending on your age. For example, if you are past your 80th birthday when you want to extend your term life insurance policy, the insurer might deny you. Or, if the term you choose would go past your 80th birthday, you might also be denied coverage.

What Is Supplemental Life Insurance?

Supplemental life insurance is an additional policy that you would be able to purchase through your employer on top of group life insurance. It tends to be more expensive than the group life insurance option but acts as a sort of cushion for your coverage. Some examples include accidental death and dismemberment insurance, which provides coverage in the event of accidental death, and burial insurance, which can help pay for funeral costs.

For those who are looking for specific coverage that isn’t offered in the group plan or enough for your needs, supplemental life insurance might be a useful resource.

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