The insured must pay all past-due premiums and a stated amount of interest along with proof of insurability to secure reinstatement after a life insurance policy has lapsed.

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This statement is true. If a life insurance policy has lapsed, the insured can reinstate the policy by paying all past-due premiums and a stated amount of interest, as well as providing proof of insurability (if required by the insurer).

The Insured Must Pay All Past-Due Premiums and a Stated