Ks Whole life insurance policy lapsed two months ago due to nonpayment she would now like to

Is there a grace period for a life insurance lapse?

Yes, in most cases, you'll have a grace period between missing a payment and your policy officially lapsing. If you die during the grace period without paying your premium, your insurer is legally required to still review your beneficiaries' claims for the payout, though missed payments will be deducted from the total payout. During the grace period, you can reinstate your life insurance policy simply by paying the outstanding premium and any associated late fees. Grace periods typically last around 30 days, depending on your policy. Under certain circumstances, some insurers may extend it up to 60 or 90 days. Refer to the grace period provision in your policy contract for grace period details.

Your insurer is legally required to notify you when you've missed a payment and your policy is in danger of lapsing. They must also alert you once the policy has officially lapsed.

What happens when your life insurance lapses?

The repercussions of a lapsed policy might vary depending on whether you have term or permanent life insurance:

Term life insurance lapse

A term life insurance policy usually has no cash value, so once you miss a payment, the policy immediately moves into a grace period. If a payment isn't received by the end of the grace period, the policy lapses. Your beneficiaries will likely not be able to claim your death benefit, and you'll lose the premiums you've already paid.

Can a lapsed life insurance policy be reinstated?

Life insurance policies typically have a reinstatement provision that details the policy's requirements that must be met for reinstatement. For example, yours might state if your policy has lapsed for more than 60 days, you'll need to provide evidence of insurability to be considered for reinstatement. To provide evidence of insurability, you may need to confirm that there have been no changes to your health since the policy was written, or you can undergo the life insurance application and underwriting process again. Review your contract's reinstatement provision to understand exactly what requirements you'll need to meet.

Keep in mind that regardless of when you reinstate your policy, you'll be required to pay all back premiums due and penalties that have accrued. You should start the reinstatement process by contacting your insurer directly to find out your options.

How to get life insurance through Progressive

Online

Get a life insurance quote online. You'll answer some questions and then compare policies to find what's right for you.

Call a rep

Call 1-866-912-2477. You'll speak with a licensed representative who will guide you through the policy selection process.

State Policy Disclosures, Exclusions, Limitations, and Reductions

1Rates are illustrative only. Please do not submit money. You must first obtain an application to obtain any coverage. Premium based on the Level Benefit Plan individual rate for a female non-tobacco user in Alabama, age 55, with a $10,000 benefit amount. Individual rates will vary based on your state, age at time of issue, sex, tobacco status and the benefit amount you select. Rates are subject to change. Unisex applies to Montana only.3

2Benefit amounts may vary by state and all benefits payable are subject to the terms and conditions of the policy and/or rider.

3Your policy cannot be terminated for any reason other than non-payment of premium or material misrepresentation in the application for insurance.

4Only available if both individuals apply at the same time. Discount is applied to the policy of the youngest spouse.

5Subject to all the terms and conditions of the policy and/or rider.

THESE POLICIES PAY LIMITED BENEFITS ONLY. THEY DO NOT CONSTITUTE COMPREHESIVE HEALTH INSURANCE COVERAGE AND ARE NOT INTENDED TO COVER ALL MEDICAL EXPENSES. THIS COVERAGE DOES NOT SATISFY THE "MINIMIUM ESSENTIAL COVERAGE" OR INDIVIDUAL MANDATE REQUIREMENTS OF THE AFFORDABLE CARE ACT (ACA). THIS COVERAGE IS NOT MEDICAID OR MEDICARE SUPPLEMENT INSURANCE. THE LUMP SUM CANCER AND CANCER TREATMENT POLICIES ARE CANCER ONLY POLICIES.

This website is designed as a marketing aid and is not to be construed as a contract for insurance. It provides a brief description of the important features of the policy. Full terms and conditions of coverage are defined by and governed by an issued policy. Please refer to the policy for the full terms and conditions of coverage. 

This is a solicitation for insurance. An insurance agent/producer may contact you. Product availability varies by state. These policies contain exclusions, limitations, reduction of benefits, and terms under which the policy may be continued in force or discontinued. For cost and complete details of coverage, contact your insurance agent/producer or the company. Cancer Treatment, Lump Sum Cancer, Lump Sum Heart Attack and Stroke and Individual Whole Life Insurance Policies are insured by Loyal American Life Insurance Company.

Lump Sum Heart Attack and Stroke policy is not available in: ID, MA, NY, or VA.

Lump Sum Cancer policy is not available in: ID, NY, VA or WY.

Cancer Treatment policy is not available in: ID, MA, MN, NH, NJ, NY, UT, or WY.

Hospital Indemnity policy is not available in: CA, CT, ID, NH, or NY.

Whole Life policy is not available in: FL or NY.

Accident Treatment policy is not available in: ID, NH, NY, or VA.

All Cigna products and services are provided exclusively by or through operating subsidiaries of Cigna Corporation, including Loyal American Life Insurance Company. The Cigna name, logo, and other Cigna marks are owned by Cigna Intellectual Property, Inc.

This page is not intended for residents of Idaho, New Mexico, and Oregon.

Is whole life insurance policy lapsed two months ago due to nonpayment she would now like to reinstate?

What happens when a whole life insurance policy lapses?

What happens if I stop paying premiums on my whole life policy?

What is the grace period for whole life insurance?