After it expires it is far to expensive to get another term policy if you are even insurable.

FORBES: 3) Do the tax benefits outweigh the costs?

As Lacey Rose points out in The Hollywood Reporter, anyone is insurable.

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There are some alternatives and options for universal life policyholders, depending on how insurable they still are and other circumstances.

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The fear was this tax trend could cause a run on banks, with wealthy account holders pulling their non-insurable cash out and putting it in safer banks in northern Europe or elsewhere.

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Other government policies that have distorted financial markets, thereby undermining the EMH, include shielding credit-rating agencies from lawsuits, government-sanctioned fair-value accounting rules, enforcing credit-default swaps where there is no insurable interest, mispriced deposit insurance, government-sponsored enterprises, and the over-promotion of home ownership.

ECONOMIST: Economic reasoning