At the end of a term life insurance policy, several options are typically available. The policyholder can choose to renew the policy, convert it to a permanent life insurance policy, or let it expire. If the policyholder decides to renew the policy, the premiums may increase due to the insured's older age. Converting the policy to a permanent life insurance policy allows the insured to maintain coverage for the rest of their life, but it may involve higher premiums. If the policyholder does not take any action, the policy will simply expire, and no death benefit will be paid out. It's important for policyholders to carefully review their options and consider their current and future insurance needs when approaching the end of a term life insurance policy.