B. Policy Riders, Provisions, Options and Exclusions-Reinstatement Provision
Must furnish evidence of insurability
Reinstatement Provision
Must pay all back premiums plus interest
Reinstatement Provision
a. Applies when a policy lapses at the end of grace period b. Allows insured to apply for reinstatement for up to five years after a lapse
Reinstatement Provision
d. A policy surrendered for cash may not be reinstated.
Reinstatement Provision 1. Insured maintains original age
e. You do not need to re-establish insurable interest in order to reinstate
Reinstatement Provision 1. Insured maintains original age
f. Incontestability clause and suicide clause both start over on reinstatement
Reinstatement Provision 1. You only need insurable interest at time of application
c. If approved, original policy is reinstated
Reinstatement Provision 3. Must repay all policy loans, plus interest