At Joseph & Eugene, LLC our experienced life insurance attorneys have extensive experience handling insurance claim denial cases throughout the State of Missouri. If the life insurance company has denied you for any reason, especially if premium payments were missed, contact our attorneys immediately. Time is of the essence in these cases.

          If you or your loved one missed a monthly life insurance premium you must act quickly to preserve any rights. A lot of life insurance policies contain grace period in their terms and conditions. The grace period might depend on whether monthly, quarterly or yearly premiums are due. Typically, there is a 30 day grace period to pay life insurance premiums. After that, the life insurance company may cancel the policy or they can reinstate the policy. They may require additional paperwork and a bill of good health before reinstatement. You must act immediately if your policy contains a grace period!

          Most insurance companies require premiums be paid at the beginning of the policy period or a designated time during the policy period. If you miss a premium payment the policy will usually either lapse or, if the insurer agrees to accept a late payment, the policy will continue. In limited situations the insured can estop or prevent the life insurance company from claiming the policy lapsed based on their conduct. The life insurance company, based on its’ conduct, can also waive its’ right to claim the policy is no longer effective for the failure to pay premiums.