Auto Insurance

Homeowners Insurance

Health Insurance

Life Insurance

Business Insurance

Travel Insurance

Pet Insurance

Annuities and Pension

Disability Insurance

Long Term Care Insurance

Home Improvement Directory
Home Energy Saving Insurance Legal






What if I miss a premium payment-- do I lose my insurance?

You have a grace period on life insurance policies to pay your premium. The grace period is typically 30 days. After that, the company may or may not allow you to pay back premiums and reinstate the policy. Sometimes this may depend on whether you can provide evidence of good health. But if you are beyond the due date and grace period, you are at the insurance company’s mercy – each company exercises its discretion a bit differently. Of course if you die and the premium has not been paid, and there is no residual value to pay premiums in the policy, the beneficiary would not collect.

Use the menu below to view more about Paying The Premium

  Paying The Premium

What If I Miss A Premium Payment-- Do I Lose My Insurance?
Cash Value Build-Up
How About The Automatic Premium Loan Clause?
What If I Become Disabled And Cannot Pay?
If I Pay My Premium And Then Decide To Cancel My Policy, Will I Receive A Pro Rata Refund?
If I Forget To Pay My Premium And The Policy Lapses, Is There Anything I Can Do?
  


Copyright © 2006 allhometips.com. All rights reserved.
This website and the materials and information you find on this website are provided "as is", without warranty of any kind, either express or implied, including without limitation any warranty for information, services, or products provided through or in connection with the service and any implied warranties of merchantability, fitness for a particular purpose, expectation of privacy or non-infringement.