This plan is available for a period of 15 - 20 years and the premium - paying terms require customers to pay policy premiums for the entire length of the policy. (policybazaar.com)
If I do not need life cover after my retirement, I can just discontinue paying the policy premiums. (relakhs.com)
If you stop paying your policy premium, you can take the cash for your needs or you can use the cash value to buy a continuing policy for a shorter period. (allinsuranceinfo.org)