Americans are living longer. According to the U.S. Census Bureau, the average life expectancy is 79.9. That’s the average, but many people live a lot longer. At this later age, many people are finding they have outlived their term life insurance policy.
Sometimes, outliving a term life insurance policy is intentional. The reason for it is gone. But many who have spouses or dependents may need additional life insurance. What do they do?