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What happens if I miss a premium payment?

Asked a year ago
If you happen to miss a premium payment for your Liberty National Life Insurance policy, the consequences will depend on the specific terms and conditions of your policy. Typically, insurance companies provide a grace period within which you can make the payment without any penalty or repercussions. During this grace period, your coverage will remain in effect. However, if you fail to make the payment within the grace period, your policy may lapse, and the coverage will cease. It's crucial to pay attention to the payment due dates to ensure uninterrupted coverage. If you have missed a payment, it's recommended to contact Liberty National Life Insurance for guidance and to explore potential options to reinstate your policy.
Adam Goldkamp is the editor / author responsible for this content.
Answered Feb 23, 2024

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