For starters, it's not far from the end of its life. Sage is best replaced every 5-7 years or so.
For another, sage has a mind of its own and will often keel over for no apparent reason. One day looks brilliant, the next dead as a dodo.
It's possible that it has recently been overwatered (lots of rain?) and sage really, really can't handle wet feet. I think that is your most likely answer.
Take some cuttings NOW, and start again. Once sage decides to die, you can't stop it.