What outcome can be expected if gregory applies

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Reference no: EM133354117

Question: Gregory purchased a $400,000 life insurance policy on his life three years ago. He was in good health at the time of purchasing the policy hence the policy was issued at standard rates after a medical exam Last year, Gregory was diagnosed with a critical illness for which he is receiving treatment. This year, Gregory missed making the premium payments for two consecutive months, and his policy lapses. What outcome can be expected if Gregory applies for reinstatement

Reference no: EM133354117

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