If your policy lapses (for any type of policy), you'll not only
face potential rate increases if you reapply, but you'll also no longer be eligible to receive the death benefit, which is the whole goal of life insurance in the first place.
As well as
facing fines and a
potential driving ban, you can also expect your auto insurance
rates to
increase, which will make it more difficult to get coverage when you are able to return to driving.