|
A
life insurance policy lapses when the due premium has not been paid
even within the grace period. A lapsed policy means that the benefit of
insurance will not be available to protect the financial interest of the
dependants in the event of the death of the insured. A lapsed cover can
be revived by the policyholder during the period allowed by insurer
before its maturity. The procedure for revival depends on the type of
policy and the duration of its lapse.
http://www.myallagents.com/Things-to-know-about-reviving-a-lapsed-insurance-policy/details.html
 |
MY All Agents
Friday, June 27, 2014
Things to know about reviving a lapsed insurance policy
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment