Is there a grace period for premium payments?

Asked 2 months ago
OneAmerica Financial Partners typically provides a grace period for premium payments. This grace period is intended to protect policyholders by allowing them extra time to make their payments without risking the lapse of their insurance coverage. Generally, the grace period lasts for a specified duration, often around 30 days, but this can vary depending on the specific policy and its terms. During this time, coverage remains in effect even if the premium has not been paid. After the grace period expires, if the premium remains unpaid, the policy may lapse, and benefits might no longer be available. For the exact details regarding grace periods and other specific terms, it is best to refer to the policy documentation or the current information available on OneAmerica's official website.
Adam Goldkamp is the editor / author responsible for this content.
Answered Sep 23, 2025

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