What is the grace period for premium payments?

The grace period for premium payments at Globe Life Insurance is 31 days. This means that if a payment is missed, policyholders have an additional 31 days to make the payment without any negative consequences. During this period, the insurance coverage remains in force, and the policyholder is still protected. However, if the payment is not made within the grace period, the policy will lapse, and the coverage will be terminated. It is important for policyholders to ensure timely payment within the grace period to avoid any disruptions in coverage. Globe Life Insurance provides this grace period as a convenient option for customers to manage their premium payments effectively.