Vince Vaughn is teaming up with Peter Billingsley to adapt the Image Comics graphic novel Term Life, The Hollywood Reporter said.

Vaughn will star and produce the action comedy, which is set up at Universal, while Billingsley, a frequent Vaughn collaborator, will direct.

The graphic novel by A.J. Lieberman and Nick Thornborrow centers on a low-life whom everybody, from mob bosses, contract killers, and dirty cops, want dead. In a rare act of selflessness (and desperation), the man takes out a million-dollar policy to benefit his estranged daughter, but soon after, he realizes it doesn’t take effect for 21 days. The story, laid out in nonlinear fashion, tells of the man’s efforts to make it to the finish line.

Vaughn is already set to star in Business Trip for New Regency, which would start in the fall and is casting up.

Vaughn will produce Term Life with Victoria Vaughn, one of his partners at Wild West Picture Show Productions.

Billingsley, who is also a principal at the shingle, directed Vaughn in 2009’s Couples Retreat, his helming debut. He was also an executive producer on Vaughn vehicles The Break-Up and Four Christmases.