Question

What happens when you reach the end of term life insurance?

Asked question is from Insurance subject matter

I got this question during an interview.

Other related questions to my question are:

Do you get your money back at the end of a term life insurance?

What happens when term insurance matures?

What happens to life insurance when you reach age limit?

Do you get your money back at the end of a term life insurance UK?

Answer 1

Right answer is: Generally, when term life insurance expires, the policy simply expires, and no action needs to be taken by the policyholder. A notice is sent by the insurance carrier that the policy is no longer in effect, the policyholder stops paying the premiums, and there is no longer any potential death benefit.Nov 8, 2021

The title of my answer is What happens if you outlive your term life insurance? | Bankrate