A grace period permits a policyholder to retain full death protection for usually _____ after a premium payment date is missed.

Question

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A standard grace period for a life insurance policy is usually 31 days after a premium payment date is missed, which means the policy stays in force during this time and the beneficiary would still receive the death benefit if the policyholder dies during the grace period.

A Grace Period Permits a Policyholder to Retain Full Death