What Happens When A Life Insurance Policy Lapses?

DWQA QuestionsCategory: InsuranceWhat Happens When A Life Insurance Policy Lapses?
admin Staff asked 8 months ago

A few years ago I had made the big error of allowing one of my old age life insurance over 40 to 85 age plans slip up.  I had three individual insurance claim guidelines and having a discussion with my wife, I had told her that we were going to let one slip up.  Unfortunately, there was some miscommunication and the wrong plan lapsed. 
It had already been over a month since we noticed our error and I was afraid that I’d have to go through the entire cheap life insurance plan coverage examination process. 
After making a quick call to senior best insurance plan coverage company noticed that that was not the case.  All we had to do was send a check for the next year and the plan was back in force.