1.   And you can borrow against the policy to pay for college without incurring taxes, as long as you never allow the policy to lapse.

2.   But after a few years, the customers faced unexpected bills or found that their policies had lapsed.

3.   If the customer stopped paying premiums, the policy lapsed.

4.   Many policies lapsed when higher premiums were not paid and customers lost their coverage and everything they had invested in their policies.

5.   Regulators have advised policyholders to keep making monthly payments so their policies do not lapse.

6.   The company told him that the policy had lapsed when his mother did not pay the premium during the war.