What is the grace period for premium payments?

The grace period for premium payments with TransAmerica is a 31-day period starting from the originally scheduled due date. During this time, policyholders have the flexibility to make their premium payment without incurring any penalty or termination of coverage. As long as the payment is made within this grace period, the policy remains active, and all policy benefits continue without interruption. It is important to note that any claims incurred during the grace period may be subject to a policy deductible or co-insurance. It is advisable to make premium payments within the grace period to ensure continuous coverage and enjoyment of policy benefits.