10/18/2013 09:22 am ET

Vince Vaughn Movie 'Term Life' Axed By Universal


Vince Vaughn's "Term Life" won't live another day. According to Deadline.com, Universal has decided against putting Vaughn's next film into production.

Based on an Image graphic novel, "Term Life" is described as such:

If Nick Barrow can stay alive for 21 days he'll die happy. Everyone Nick knows wants him dead; Mob bosses, contract killers, and dirty cops. Performing the last act of a desperate man, Nick takes out a million dollar insurance policy on himself, payable to his estranged daughter. The problem? The policy doesn't take effect for 21 days. Nick knows they'll be lucky to be alive for twenty-one hours.

Hailee Steinfeld was cast as Vaughn's onscreen daughter back in September. Vaughn friend Peter Billingsley, who directed "Couples Retreat" and produced "Four Christmases" (and, most famously, played the little boy in "A Christmas Story"), was set to direct "Term Life."

Despite the setback, Vaughn has plenty on his plate: He's starring in the new comedy "Delivery Man" for DreamWorks and Disney, and will film "Business Trip," a comedy about -- wait for it -- a business trip later this year. For more on "Term Life," including reasons why it was scuttled, hit Deadline.com.

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