You maybe able to exchange it for another term policy or convert it to a cash value life insurance policy, renew the policy every 1 to 5 years, or cancel the policy. Majority of term policies expires at age 95, not at the end of the initial term.
Full Definition of DERAILLEUR. : a mechanism for shifting gears on a bicycle that operates by moving the chain from one set of exposed gears to another. See derailleur defined for English-language learners. See derailleur defined for kids.
(third-person singular simple present derails, present participle derailing, simple past and past participle derailed) 1  To cause to come off the tracks. The train was destroyed when it was derailed by the penny. ( 2 intransitive) To come off the tracks. ( 3 intransitive) To deviate from the previous course or direction.