What time period allows an insured life insurance policy to remain in force even if the premium was not paid on the due date?

What time period allows an insured life insurance policy to remain in force even if the premium was not paid on the due date?

After the first premium payment, life insurance policies provide a minimum grace period of 31 days after the due date to make the next premium payment. If the premium is not paid before the grace period expires, the policy will lapse. During the grace period the policy remains in force.

See also  How much is life insurance for a 70 year old?