Can You Stop Term Life Insurance? 
You can stop term life insurance in one of two ways . First , you could just stop paying premiums . The policy will go into it 's grace period then lapsing after that , about 30 days . The second is to write a letter to the insurance company notifying them of your intentions effective and a date you choose . I always caution people about canceling any life insurance . You will most likely pay more premiums when you go to apply for more insurance . Also , insurability could be an issue if your health is worse at the time of application or the history has issues in it . 