What happens if I miss a premium payment?

If you miss a premium payment for your Amica life insurance policy, there are a few potential consequences. Initially, there is generally a grace period during which you can still make the payment without any penalty. However, if the payment remains outstanding beyond this grace period, your policy may lapse or be terminated. This means that you will no longer have coverage and your beneficiaries will not receive any benefits upon your death. To reinstate the policy, you may need to fulfill certain conditions or undergo a medical review. It's crucial to promptly communicate with Amica and discuss options if you are unable to make a premium payment to avoid potential lapses in coverage and loss of policy benefits.