If you aren't writing business any more, you should look into tail coverage.
Even though you aren't actively writing business, your could get pulled into a situation years from now, years after you stop "selling". Picture this. You wrote a term policy for someone. Now, 30 years later, after the person has a head injury, gets dementia, or plain old forgets what they bought from you, are now upset and thought they had a permanent policy, or thinks that's what you should have sold them. Or that's what their beneficiary thinks.
Or, 40 years from now, someone thinks they should have been listed as a beneficiary, and wasn't and wants to sue you.
You should educate yourself on tail coverage and how it works.