Because of this steep cost increase, renewing an expiring term policy is usually only a short-term bridge solution rather than a long-term plan, and it's generally more cost-effective to convert to permanent coverage or shop for a new policy if you still need long-term protection.
Want an answer specific to your situation? A licensed agent can walk through your options in a few minutes.
Call (844) 658-4509An agent can run the numbers on renewal versus conversion versus a brand-new policy so you can compare the real costs side by side.