Free Disability Claim Booklet
Receive Our Newsletter
Click Here
416.488.9000
Free Online Consultation
No Fees Unless We Win
Click Here
1.888.777.1109

Does Ontario Law Have Grace Periods For Life Insurance Premiums Non-Payment?

Does Ontario law have grace periods with respect to non-payment of premiums for life insurance policies?
Life Insurance - Question 2
Yes, Ontario law has grace periods with respect to non payment of premiums for life insurance policies, and your policy may provide for a longer grace period. There is no mandatory grace period for a disability policy but non-payment could trigger termination of a policy. There are strict requirements for termination that the insurer must comply with.
Was your question answered? Yes or No
 

Other Similar Questions

What do I do if I have a lapsed insurance policy?

What types of life insurance coverage are available to collect on?

When I expected to receive life insurance benefits after my husband’s death, the insurance company instead returned the premiums and said that my husband did not qualify for coverage. What can I do now?

DISABILITY SECRETS: Learn What Your Insurance Company Is Hiding From You!

 

This searchable database contains information about disability, critical illness and life insurance claims, and what you can do if you are denied or cut off of your benefits. It is a collection of the most common questions we receive from our clients. General answers have been provided by our lawyers.