What happens if I miss a premium payment?

If you miss a premium payment with MetLife, it usually varies depending on the specific policy you have. In many cases, there is a grace period, typically 30 days, during which you can make the payment without any penalty or lapse in coverage. However, if the payment is not received within this grace period, your policy may enter a period of non-payment or lapse. During this time, your coverage will be suspended, and you may no longer be eligible for any benefits. To reinstate your policy, you will need to catch up on any missed payments, potentially pay any applicable late fees, and may be required to undergo a reinstatement process. It is crucial to contact MetLife and their customer service team to understand the specific consequences and actions required in case of a missed premium payment.