A[n] ______ clause states that the insured has a grace period in which to make an overdue payment during which time the insurance is effective.

Name: A[n] ______ clause states that the insured has a grace period in which to make an overdue payment during which time the insurance is effective.
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Some states require that insurance companies include an antilapse clause, typically in life insurance policies, that provides a grace period of usually 30 days in which to make an overdue payment.

A[n] ______ Clause States That the Insured Has a Grace