What is the grace period for premium payments?

Standard Insurance Company offers a grace period of 30 days for premium payments. This means that policyholders have up to 30 days after the original due date to make their payment without the risk of cancellation or penalty. During this grace period, the policy coverage remains active and in effect, providing peace of mind to customers who may have unforeseen financial difficulties or delays in payment. It is important to note that although the grace period allows for a late payment, it does not extend the policy period beyond the original term. Therefore, it is recommended to make payments within the grace period to avoid any potential gaps in coverage.