Jul
30
2008
How can I reinstate my term life insurance policy that I lapsed?
Author: Byron UdellIf your life insurance policy lapsed, you may or may not be able to reinstate it depending on the life insurance company’s policy. Some life insurance contracts will let you reinstate a lapsed policy within a certain time frame. However, you must prove insurability, pay all overdue premiums (plus interest) and pay off any outstanding policy loans.