Cheap Life Insurance UKThis does depend upon the type of policy you own. Unless you have an Endowment Assurance or a Whole of Life Assurance, which contains an investment element, you are very unlikely to receive a return of any premiums you have paid. Even in the case of Endowments or Whole of Life plans you may not get back all of the money paid into the policy. In the majority of instances, if you stop paying the premiums to your policy, the Life Assurance cover will, after a given period of time, cease to be provided (i.e. policy cover will lapse). If, at a time in the future, you wished to reinstate the policy then fresh medical evidence would normally need to be supplied to the Life Assurance Company before new cover could be offered. 
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