What happens if I miss a premium payment?

If you miss a premium payment for your Pacific Life policy, you will typically have a grace period, which is a specific duration stated in your policy contract. During this grace period, you can make the overdue payment without any penalty, and your policy will remain active. If the payment is not received within the grace period, your policy may lapse, meaning it will no longer provide the intended coverage. Consequently, your beneficiaries may not receive the intended death benefit or other benefits associated with the policy. It is important to settle any missed payments promptly to keep your policy in force and ensure that you and your loved ones stay protected. It is recommended to review your specific policy contract or contact Pacific Life directly for more accurate and detailed information.