01.Core Concepts

The suicide clause states that if the insured commits suicide within two years after the policy is issued, the face amount of insurance will not be paid; there is only a refund of the premiums paid A life insurance policy contains a grace period during which the policyholder has a period of 31 days (or more) to pay an overdue premium The purpose of the grace period is to prevent the policy from lapsing ‹#›