What happens if I miss a premium payment?

Asked a year ago
If you miss a premium payment for your Gerber Life Insurance policy, the consequences may vary depending on the policy type and the terms outlined in your specific policy. In most cases, there is usually a grace period during which you can make the payment without any penalties or negative consequences. However, if the premium remains unpaid after the grace period, your policy may lapse, which means it will no longer provide coverage. To reinstate the policy after a lapse, you may be required to pay any outstanding premiums, provide evidence of insurability, and potentially incur additional fees or charges. It is crucial to contact Gerber Life Insurance as soon as possible if you miss a payment to discuss your options and avoid any disruptions in coverage.
Jeff Whelpley is the editor / author responsible for this content.
Answered May 3, 2024

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