by lakemen » Sat Jul 08, 2006 06:14 am
Grace Period
A specified period after a premium payment is due, in which the policyholder may make such payment, and during which the protection of the policy continues.
A specified period after a premium payment is due, in which the policyholder may make such payment, and during which the protection of the policy continues.
Posted: Wed Apr 16, 2008 06:12 am Post Subject:
I must say that this period is of great help to the policy holder as it just gives them some extra time to pay the due amount of money and they can escape the fine imposed on them.
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