Can I be dropped from life insurance for no reason without premiums returned? 
In 20 years I have never heard of that . The only reason I can see is that after underwriting they discovered a falsity on the application , however they typically only have 2 years after policy issuance to determine that . Unless you have missed premium payments or purchased a policy with variable premiums and returns and have underfunded the policy it would be considered a lapse not being dropped . You would have received mailings as well as annual statements that indicated how long the policy would remain in force if you continue to pay the premiums you were paying . My suggestion is to get a professional agent to review your policy . You need to look at the original illustration that was provided to you when you first purchased the policy as well as any statements that the company provided you over the years . This way you can determine if premium payments were insufficient to cover the expenses . 