What should I do if I miss a premium payment?

If an individual misses a premium payment with Symetra, it is important to address the situation promptly to avoid potential issues with coverage. Generally, most policies provide a grace period during which the policyholder can make their late payment without losing coverage. This grace period usually lasts for 30 days, but the specific duration may vary depending on the terms of the policy. During this time, the policyholder should review their payment options, which may include making the missed payment and any required late fees. It is advisable to check the policy documents for detailed information regarding missed payments, grace periods, and potential penalties. If the grace period expires without payment, the policy may lapse, ending the coverage. In such situations, individuals are encouraged to review the options available, which may include reinstatement of the policy. The reinstatement process may require the policyholder to provide proof of insurability or pay any outstanding premiums. For specific questions or guidance tailored to an individual's situation, referring to the information available on the Symetra website may be helpful.