Which of the following could be a reason for terminating an insurance policy?

The reason for terminating an insurance policy due to failure to pay premiums is grounded in the contractual obligation of the policyholder to meet payment terms. When a policyholder fails to pay the premiums on time, especially over a period of two months, the insurance company is entitled to terminate the policy due to non-compliance with the agreement. Insurance policies typically have a grace period, but prolonged non-payment can lead to cancellation. This ensures that the insurance company can maintain its financial viability and continue to fulfill its obligations to other policyholders.

Turning 30 years of age, changing an address, or increasing cash value do not inherently result in policy termination. Age might affect certain types of insurance products, but it does not directly cause termination. Similarly, a change of address, while it might require updating contact information, generally does not affect policy status. Increasing cash value typically pertains to permanent life insurance policies and reflects financial growth rather than a reason for termination. Therefore, failure to pay premiums is the clear and valid reason for policy cancellation.