Ace Arkansas Life & Health Insurance 2025 – Secure Your Success!

Question: 1 / 400

The grace period of an individual life insurance policy is:

10 days

15 days

30 days

The grace period of an individual life insurance policy is typically 30 days. During this period, the policyholder has the opportunity to pay the premium without the risk of the policy being canceled or lapsing. This grace period allows the policyholder to maintain coverage even if the premium payment is delayed temporarily. It is an important feature of life insurance policies to provide some flexibility to policyholders in managing their premium payments.

Options A, B, and D are incorrect because they do not align with the standard grace period for individual life insurance policies, which is generally 30 days.

Get further explanation with Examzify DeepDiveBeta

60 days

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy