MLA is first and foremost a set of guidelines for including parenthetical information to cite sources. It focuses on author information when giving credit to sources, so most citation involves using the names of the author or authors of any source. Reasons to use MLA style
Dependency period. This is the period after the death of a spouse and the survivor must have enough income to provide for the children until the youngest child reaches 18. This is an important consideration when purchasing life insurance. Talk over your needs with your agent or broker.
What Does It Mean If Your Life Insurance Lapses? A life insurance policy will lapse, or cease to exist, when the planned premium is not paid on a timely basis. Most policies have a grace period, usually 30 days, in which the back premium can be paid before the policy lapses.