Yes, the user will expire anyway, and he / she is not allowed to use the resources available on the server. You use a cookie to authenticate forms, which is a simple container for a FormsAuthentication ticket.
Since your ticket is not permanent, this will expire your cookie, which will redirect the user to the LOGIN PAGE page. Note that this procedure only handles "authentication" and should not be confused with the session.
You may have an expire session, but the user is still authenticated, and this may be a problem.
To answer your question directly, the User Identification will expire and it will be redirected to the login page to which a new cookie will be created in Login, which will create another "Session" object. Overtime work of the previous expires.
Tip. Make the forms timeout in "Web.config" less than the session. Do not create a session dependency for any Auth / Security related ones; the two are different containers and should be treated as such.
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