do you get your money back at the end of a term life insurance policy 
if you re alive when the term expires you get nothing back from your term life insurance policy the death benefit is only payable to your beneficiaries if you die that is the reason why term life insurance is relatively inexpensive most people outlive their term life insurance policies can a senior citizen get term life insurance it depends on their age insurance companies seta maximum age limit for term life insurance policies this is usually 80 to 90 years old but may be higher or lower depending on the company the premium also rises with age so a person aged 60 or 70 will pay substantially more than someone decades younger the bottom lineterm life insurance is a good option for people who can t or won t pay the much higher monthly premiums associated with whole life insurance term life is somewhat similar to car insurance it s statistically unlikely that you ll need it and the premiums are money down the drain if you don t but if the worst happens your family will receive the benefits 