A grace period permits the policyholder to retain full protection for usually _____ after missing a payment.

Question

Quizplus · Accepted Answer

A grace period typically lasts for 31 days after a missed payment, during which the policyholder can still maintain full coverage without any penalty or lapse in coverage. However, it's important to note that the specifics of the grace period may vary depending on the insurance company and policy terms.

A Grace Period Permits the Policyholder to Retain Full Protection