How long is the grace period for an individual life insurance policy?
How long is the grace period for an individual life insurance policy?
31 days Life insurance companies generally offer a payment “grace period”” of around 30 or 31 days. Your coverage continues as long as you pay the amount owed within the grace period. If you die during the grace period without paying the bill, your beneficiary will receive the death benefit, minus the money you owe. Apr 15, 2016
