What If I Miss A Premium Payment—Do I Lose My Insurance?

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Jul 15, 2021

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Long term care policies generally provide a 31-day grace period. This means that if you do not pay your premium when it is due, you have 31 days in which to do so. If you do not pay within the 31 days, you may be required to apply for reinstatement. If the company chooses not approve your application, you would lose your insurance unless you have elected a non-forfeiture clause. However, if your failure to pay is due to a cognitive impairment, you may have 180 days in which to pay all back premiums.

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