Once your term life insurance ends, the policy expires and you won't have coverage anymore. It's important to know that if something happens to you after your term ends, your beneficiaries won't receive a payout. But there are options when your term life insurance ends. Depending on your policy terms, you could renew for another term or convert it to a permanent life insurance policy. These options allow you to continue your life insurance coverage beyond the initial term, ensuring ongoing protection for your loved ones.