Term life insurance policies do have an expiration date. Term life insurance policies expire after a specific period, which is predetermined at the time of purchase. The most common term lengths are 10, 20, or 30 years, although other options may be available depending on the insurance provider. Once the term of the policy ends, the coverage also ends, and the policyholder is no longer protected by that specific policy. It's important to note that term life insurance does not accumulate cash value and is designed to provide coverage for a specific period, making it more affordable than whole life insurance. After the expiration of a term life insurance policy, the policyholder may have the option to renew the policy, convert it to a whole life policy, or explore other insurance options. It's crucial for individuals with term life insurance to be aware of the expiration date and consider their future insurance needs as the policy approaches its end. Renewal options and terms may vary depending on the insurance provider and the specific policy, so it's advisable to review the policy documents and consult with the insurance company for detailed information on renewal and conversion options.