Your term life insurance policy also guarantees that you can reinstate it should it end up in a state of lapse because of nonpayment of premiums. (lifeinsurancehub.net)
Again, this depends on your specific car insurance company and / or the state you reside in, but some of the most common penalties for nonpayment of premiums include: (dmv.org)
The $ 43,881.25 wage nonpayment fee award was sustained because the fees spent on defeating plaintiff's breach of contract claims overlapped with work at the DLSE level. (calattorneysfees.com)