Generally speaking, the payment method of insurance is not called lump-sum deposit and withdrawal, because the concept of compulsory savings is completely different from that of banks, otherwise insurance will not be paid.

Your question seems to be about installment insurance. If no payment is made, the policy will enter a grace period of 6 1 day. After this time, the policy will enter a two-year suspension period. During the above period, the insurance company will bear the insurance compensation, but you need to deduct the premium you should pay.

If you don't pay the premium for two years, the policy will automatically terminate. Please note that it will be terminated. Your contract is invalid, and the insurance company will not bear any responsibility. You can only refund the cash value of the policy (* Generally speaking, the cash value in previous years will be lower than the premium paid). As a financial planner, I advise you not to do this unless there are extremely special circumstances. It will make your promise useless. If it is really urgent, the insurance contract of life insurance has good pledge characteristics and can be loaned!

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.