When the Paycheck Stops: Information for Policyholders

America's life insurers recognize the financial challenges policyholders may face when they stop receiving a paycheck. Life insurers want to help people through periods of financial stress to ensure they maintain their coverage. They are committed to your financial peace of mind.

Life, long-term care and disability income insurance policies typically offer grace periods that allow you to delay payments for up to 31 days. Check your policy or call your company to see if this applies to your coverage.

If you have a whole life policy, which has a cash value component, you may be able to borrow from it to help make premium payments on your life insurance or other forms of coverage, if necessary. Again, check with your company for help with your policy.

Your company, agent or financial professional will help answer questions or concerns about paying premiums.