In what marks one of its biggest film projects to date, WWE Studios has joined PalmStar Media Capital to co-finance and co-produce the Vince Vaughn thriller “Term Life” that Peter Billingsley will direct and Universal Pictures will release in 2015.

The film is currently lensing, and co-stars Jon Favreau and Hailee Steinfeld.

WWE Studios plans to promote “Term Life” across its various platforms, from weekly TV shows, including flagship “Monday Night Raw,” websites, magazines, social media and the recently launched WWE Network upon its release.

Billingsley, who directed Vaughn’s “Couple’s Retreat,” helms “Term Life” from a script by A.J. Lieberman, who wrote the graphic novel on which the film is based. Lieberman created the Image Comics-published book with Nick Thornborrow.

Movie revolves around a man who plans and sells heists to the highest bidder, but when his latest job goes horribly wrong he finds himself hunted by everyone he knows — mob bosses, contract killers and dirty cops. With no way out, he takes out a life insurance policy on himself with his estranged daughter as the beneficiary, but must go on the run together to stay alive and become a father for the first time when it turns out the policy doesn’t take effect for 21 days.

“‘Term Life’s dynamic story and stellar cast make for exactly the type of movie that WWE Studios seeks to deliver to audiences everywhere,” said WWE Studios president Michael Luisi.

Vaughn is producing “Term Life” with Micah Mason and Victoria Vaughn through their Wild West Picture Show Prods banner, along with Kevin Frakes of PalmStar, and WWE Studios president Michael Luisi.

“Term Life” becomes the latest film WWE Studios has signed on to co-finance and produce after scoring with the Halle Berry thriller “The Call,” released last year by Sony, “Dead Man Down,” with Colin Farrell; Pathe Films’ “No One Lives,” and the upcoming horror pic “Oculus,” with Relativity Media and Blumhouse Prods.

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“I am beyond pleased to be working with WWE Studios,” said PalmStar CEO Kevin Frakes. “They’ve made smart choices in their motion picture partnerships and of course the audience they are able to deliver is perfect for this movie.”