The Phase 2 SA has a fixed duration. If there is traffic on the VPN as the SA nears expiry, a new SA is negotiated and the VPN switches to the new SA without interruption. If there is no traffic, however, the SA expires (by default) and the VPN tunnel goes down. A new SA will not be generated until there is traffic.

The Autokey Keep Alive option ensures that a new Phase 2 SA is negotiated, even if there is no traffic, so that the VPN tunnel stays up.