Term life insurance is one of the greatest financial tools ever created. For a very modest cost, it creates instant wealth for your family if the unthinkable happens too soon. If you die early, your family is protected and financially redeemed for the economic loss of you.
But here’s the truth most people don’t realize: the majority of term life policies never pay a death benefit. Why? Because most people live past the end of their term. That means the coverage you bought may quietly expire long before you do—leaving your family completely unprotected.
Why This Matters Right Now
If you’re reading this, you’re likely a client of our agency and already have a policy in place. That’s good you’ve taken a step many never do. But it would be foolish (and costly) not to review it. As you get older, your ability to replace coverage shrinks dramatically:
- Premiums escalate significantly as age increases.
- Health changes can make it impossible to qualify for new coverage.
- Waiting even a few years can turn an affordable plan into something unattainable.
The biggest mistake people make is assuming their insurance will always be there. Life changes. Health changes. And options disappear faster than most expect.
What You Can Do About It
The good news is that you have options—but only if you act before your current coverage runs out.
- Conversion: Many policies allow you to convert term insurance into permanent coverage, often without a medical exam.
- Refinance/Extend: Depending on your situation, you may be able to rewrite or refinance your policy for longer-term coverage.
- Hybrid Solutions: Today’s new policies can combine lifetime death benefits with long-term care protection—so your coverage pays whether you pass away or need care in life.
These strategies ensure that your insurance doesn’t expire before you do.
Don’t Wait Until It’s Too Late
Things change in a heartbeat. One diagnosis. One birthday. One new underwriting rule—and your options could vanish. Nobody ever complained about having too much liquidity for their loved ones. But plenty of people regret letting coverage lapse.
That’s why we created The Life Insurance Audit™. It’s a no-nonsense, professional review of your current policy against today’s marketplace, so you know exactly where you stand and what adjustments, if any, you need to make.
Bottom line: Term insurance is incredible—but temporary. Make sure your policy is serving you, not silently setting you up for risk. The time to review is now!
Call or email us today at LifeAudit@CorpStrat.com to schedule a quick review. Let’s make sure your life insurance doesn’t expire before you do.
