What Happens If I Stop Paying Life Insurance? 
Depends on what type of life insurance you have . In most cases you will lose coverage unless you can reinstate it by catching up on your premiums within a certain time . If you have a cash value policy , there are options you can utilize to prolong or paid off a portion of your policy . There can also be surrender charges and tax implications on policies with a cash value . It is best to talk to your insurance agent about the options and consequences before you lapse your policy . 