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If a person who took out life insurance on him/herself becomes incarcerated, the policy does not terminate because of the incarceration itself. As long as premiums continue to be paid, the policy will remain in force.

As a practical matter however, the incarcerated person may have no income or other source of funds with which to pay the premiums, unless someone else pays them for him/her. Alternatively, if the life insurance policy was whole life (rather than term insurance), any accumulated cash value could be applied to pay future accruing premiums until the cash value is exhausted. Once this happens, the policy will lapse for nonpayment of premium.

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14y ago

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