Q: If life insurance payments were not paid on time do you not get full policy benefits at death
A:
As with so many things, the answer is: it depends.
There is a case where a payment was placed in the mail one day late, the insured died soon after, and the court found that the policy had expired because the premium had not been paid.
However, there are protections in place to prevent this sort of thing.
if you are the beneficiary, and the insured has deceased, contact an attorney about dealing with this problem.
If you are wondering how important it is to pay the premiums on time, know that it is very important.
If you are unsure when the premiums are due, check your policy or ask your agent or broker.
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