If issued before age 66, the policy is convertible until the earlier of the end of the term period or up to age 70. (policygenius.com)
In addition to allaying the concerns regarding the disadvantages of term insurance, an ROP policy can also provide the advantage of supplementing retirement benefits to the policy owner / insured at the end of the term period. (insuranceandestates.com)
But at the end of the term period, the price shoots up so high (think 10 — 20 times higher, or more) that most people let it expire. (quickquote.com)