What is the policy for missed payments?

CUNA Mutual Insurance Group generally has policies in place for handling missed payments, which may vary depending on the specific type of insurance contract held by a customer. Typically, if a payment is missed, the insurer may provide a grace period during which the policyholder can make the payment without incurring any penalties or jeopardizing their coverage. If the payment is not made within this grace period, the policy could enter a lapse status, meaning that coverage may be discontinued until the payment is completed or alternate arrangements are made. It is important for policyholders to understand the terms outlined in their specific policy documents regarding missed payments, including any reinstatement options that may be available. For the most accurate and detailed information, it is advisable to refer to the specific policy documentation or visit the CUNA Mutual Insurance Group webpage for further assistance.