Jul 30

How can I reinstate my term life insurance policy that I lapsed?

Tag: Life EducationByron Udell @ 9:54 am

If 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.

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