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Awesome 10 Lapsed Life Insurance Policy Reinstatement Images

Awesome 10 Lapsed Life Insurance Policy Reinstatement
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. A lapse means a life insurance policy is no longer an active contract due to missed premium most policies can be reinstated after a lapse. The documentation requirements for revival or reinstatement of a policy depend on the time elapsed between the date of lapsation and the date when the request for revival.

How to Revive a Lapsed Insurance Policy?
How to Revive a Lapsed Insurance Policy? from www.siliconindia.com
The reinstatement of a lapsed policy could be different for different insurers and depends on the elapsed. A life insurance lapse means that your life insurance policy is no longer active and will not pay out a death benefit or provide any insurance coverage. My insurance lapsed for a few days but was soon reinstated — am i covered if an accident occurred during the lapse?

For the reinstatement or the revival of the lapsed policies, some documentation procedure is required between the lapse date and the request date of the revival.

Purchase an income protection policy in addition to your life insurance policy for a 5% ongoing discount across both policies†. Having a lapse in your car insurance history will lead to higher rates when you try to get auto insurance again. But being stuck with the wrong policy, or a policy you no longer need, could cause plenty of problems while you're alive. Selling a life insurance policy is a good way to get immediate cash for retirement, health bills or unforeseen heavy expenses.