What happens if I miss a premium payment?

If you miss a premium payment with Sun Life Direct, the consequences may vary depending on the specific policy and its terms and conditions. Generally, a missed premium payment would result in a grace period during which you can still make the payment without any penalty. However, if the premium remains unpaid after the grace period, it may lead to the cancellation or suspension of your policy. This means that you would no longer be covered under the policy, and any benefits or coverage would cease. It is essential to contact Sun Life Direct promptly if you miss a premium payment to discuss your options and any potential repercussions.