What do I do if I have a lapsed insurance policy?
Ontario law has grace periods with respect to non payment of premiums for life insurance policies. The 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
Other Similar Questions
If I am a trustee, executor and beneficiary of a life insurance policy, how do I avoid a denial of payment from the insurance company?
What is a non-cancellable and guaranteed renewable policy?
What is the cash surrender value in a life insurance policy?
Ask Share Lawyers
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.