What happens to my policy benefits if I miss a payment?

When a policyholder misses a payment with Torchmark Corporation, the specific consequences can depend on the terms outlined in the policy agreement. Generally, there is often a grace period during which the policy remains active, allowing the policyholder a little extra time to make the payment without losing coverage. If the payment is not made within that grace period, there might be a lapse in the policy, which can lead to the loss of benefits. During this lapse, any claims made would likely be denied, as the policy is no longer active. Additionally, if coverage is terminated, the policyholder may have to reinstate the policy, which could involve additional requirements or fees. It is important for policyholders to refer to their specific policy details to understand the implications of missed payments fully. For further information about policies or to clarify individual circumstances, it is advisable for individuals to look on the current web page for additional resources and contact information.