Can You Stop Term Life Insurance? 
Yes , stopping term life insurance does not have any penalties or cost . If you want to start the policy again , however , you would need to reapply , which means requalifying at the rates for your older age . If you have started any new medication , if your parent has suffered a heart attack , or if you have gained weight , those things will enter into your new rate . So you might want to look into ways to keep your old policy , such as reducing the face amount , before making the decision to stop it . 