Exam term
Grace period
The window after a missed premium or insufficient account value during which a policy stays in force, giving the owner time to pay before coverage lapses.
Lessons that use this term
- Common policy provisions: beneficiary designations, grace period, and nonforfeiture options California
- Premium payment modes and grace period Florida
- Individual life contract standard provisions Florida
- Policy delivery and explaining the contract to the client New York
- Premium payment modes and grace period New York
- Reinstatement, policy loans, and nonforfeiture options New York
- New York required annuity contract provisions (Ins. Law 3219, 4220, 4223) New York
- Annuity premium and timing structures New York
- Policy delivery and explaining the contract New York
- Interest- and market-sensitive life products Texas
- Premium payment modes and grace period Texas
- Mandatory provisions I: entire contract, incontestability, grace period, reinstatement Texas
- Modes of premium payment Texas
- Individual life policy provisions, free look, and grace period Texas
- HMO nonrenewal, cancellation, and enrollment Texas