What happens if I miss a premium payment?

If you miss a premium payment, Guardian Life Insurance provides a grace period to maintain coverage. The length of this period may vary based on your policy, but it typically ranges from 30 to 31 days. During this grace period, you can make the missed payment without any penalties or consequences. If the premium isn't paid within the grace period, the policy may lapse, which means your coverage will be terminated. However, Guardian Life Insurance offers options to reinstate the policy if it has lapsed. Reinstatement may involve paying all overdue premiums and any accumulated interest. It's important to contact Guardian Life Insurance or your agent as soon as possible if you miss a premium payment to discuss your options and ensure a smooth continuation of coverage.