Revival

A lapsed policy can usually be revived by paying the outstanding premiums with interest, within a period the insurer sets. The insurer may also require fresh health information.

Reviving is normally cheaper than starting again, because a new policy would be underwritten at your current age.

Related terms

• Lapse What happens to a policy when premiums stop being paid and the grace period expires.
• Grace period A window after a missed premium during which the policy remains in force.
• Underwriting The insurer's assessment of the risk you present, which decides the terms and the price.

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