Is there a grace period for premium payments?

Assurity Life Insurance Company typically offers a grace period for premium payments. This grace period allows policyholders a specified amount of time, usually around thirty days, to pay their premium after the due date without losing coverage. It is important to note that during this period, the policy remains in effect, and any claims made will generally be honored. However, if the premium is not paid by the end of the grace period, the policy may lapse, and coverage will cease. Policyholders are encouraged to review their individual policy documents for specific details regarding their grace period, as terms may vary based on the type of insurance and specific policy provisions. For the most accurate information, it can be helpful to refer to the current information available on Assurity's official website.