| National Life Group is making every effort to help those affected by the COVID-19 Pandemic and to provide some measure of financial relief in this time of stress.
As a response to these unique events, and to comply with various state emergency actions, we are extending grace periods to support our customers and ensure they have the time they need to fund their policies.
Life Insurance
National Life Group will extend grace periods on inforce life policies for 60 days from the date the premium is due. Insurance coverage will remain inforce during this 60-day period. We will allow 90 days to pay premiums due without reinstatement requirements, as long as the insured is living.
This extended grace period is not intended to change the terms of a policy or be considered a forgiveness of the premium. Rather, it is intended to grant your policyholder an extended grace period for the payment of their premium due without penalty or interest.
In cases where individual states have provided more expansive provisions (i.e., longer grace periods), we will follow those guidelines. |
