Georgia was supposed to pay her premium by the 15^th of the month. Which of the following provisions allows her to keep her coverage if she is a couple of weeks late with paying her premium (without penalty)?

Question

Quizplus · Accepted Answer

The grace period allows a policyholder to make a late payment without penalty and keep their coverage. The other provisions listed (incontestability clause, misstatement of age provision, naming a beneficiary, and policy reinstatement) do not directly address late payments or offer a grace period.

Georgia Was Supposed to Pay Her Premium by the 15th

Georgia Was Supposed to Pay Her Premium by the 15^th