Is it possible to outlive your insurance policy?

Question

Is it possible to outlive your insurance policy?

Answer 1

Easily if the policy is a term life, which can be issued for short periods. These policies are outlived all the time. In the case of a whole life policy age 99 or 100 will generally result in an endowment, which is a refund, with interest, as well as the cash value part of the account. Unfortunately, strippers and fast motorcycles are much too hazardous to enjoy at that age after suddenly receiving a large check, particularly since you would no longer be insured, or insurable.

Answer 2

Yes, it's possible.

Answer 3

It depends on your policy, but yes it has been know to happen.  When my father reached 99 the insurance company sent his money back (with interest of course).