What happens if I miss a premium payment?

If you miss a premium payment for your life insurance policy with Prudential, the consequences may vary depending on the specific terms and conditions of your policy. Generally, there is usually a grace period during which you can still make the payment without any penalties. If you are unable to make the payment within the grace period, some policies may lapse, meaning that your coverage will end. In such cases, you may have the option to reinstate the policy within a certain timeframe. However, there may be additional fees and requirements for reinstatement. It is important to contact Prudential as soon as possible if you miss a premium payment to understand the options available to you and avoid losing your life insurance coverage.