Here is what it says about that phone and expiration:
Amounts deposited into your account expire as follows: cards less than $25, 30 days; cards $25 to $75, 90 days; $100 cards, 365 days. Unused account balance is forfeited upon expiration. If money is added to your account before the current balance expires, the existing balance will carry over to the new expiration date. Pay As You Go accounts will be canceled 60 days after expiration. A service activation fee and new wireless phone number will be required to reactivate service. Account balance limit is $500; any amount over that limit will be deducted from your balance.
So it doesn't look like you actually need to use the phone, but you have to put in $100 a year to keep it active, and can have a maximum of $500 on it, so basically you have to use it every 5 years before they actively steal your money.