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lapse
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lapse
as in:  allowed the policy to lapse


She allowed her life insurance to lapse.
  end or terminate — often of legal rights or of a person’s association with an organization
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lapse lapsed lapses lapsing
Notes:
Lapse has many reasonably common, but highly diverse senses. Accordingly, it is generally recommended that you just learn the sense (or senses) that currently interest you.

Memory aid:  It might help you to remember the different senses of lapse, if you think of all of them as having to do with time.
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Dictionary/Synonyms - Google®
Dictionary List - OneLook®
Samples:
  • She allowed her life insurance to lapse.
  • The correspondence lapsed
  • allowed her membership to lapse
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Interest -- Source
General -- Google News®
General -- Time® Magazine
General -- Twitter®
Associated words [difficulty]:   lapse [3] , elapse [2]
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Most commonly used in these subjects:   Classic Literature, Personal Finance, Law
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