This means coverage ends. Your family loses financial protection.
What causes a lapse
- Missed premium payments
- Financial strain
- Banking issues
What happens after lapse
- No payout on claims
- Loss of benefits
- Possible waiting period if reinstated
Some providers allow reinstatement. This depends on how long the policy has been inactive.
Steps to reinstate a policy
- Contact your provider immediately
- Settle outstanding premiums
- Confirm waiting periods
How to avoid a lapse
- Set up debit orders
- Choose affordable premiums
- Review your policy regularly
Why this matters
A lapse leaves your family exposed. Funeral costs must be paid out of pocket.
Keeping your policy active ensures protection. It guarantees support when your family needs it most.