What happens if insured pays his life insurance premiums

Reference no: EM133724218

Question

What happens if an insured pays his life insurance premiums 10 days late? His policy remains in place because he paid during the grace period. He has to prove his insurability before his policy is reinstated His policy remains in place, but he is assessed a late penalty He is fine as long as he does not die during the next month. His policy is immediately cancelled.

Reference no: EM133724218

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