When Does A Life Insurance Policy Lapse? 
Your life insurance policy may lapse for the following reasons : If you stop paying your premiums If your cash value has been depleted -LRB- whole life insurance -RRB- If your policy term has ended -LRB- term life insurance -RRB- Any other reasons for a lapse would be outlined in your policy . Your agent or your insurance company should be willing and able to explain your policy details further . 