A disability income insurance policy on which premiums are paid weekly must have a grace period...

A disability income insurance policy on which premiums are paid weekly must have a grace period of

at least seven days.

ten days.

thirty-one days.

there is no grace period on weekly premium policies.

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Expert Solution

A grace period of 31 days is allowed without any interest for the paymet of any premium under a National Service life insurance policy. The policy will be in force during this period. If the policy shall mature within the grace period then the unpaid premium is deducted from the insurance payable.

jeff jeffy answered 2 years ago

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