What happens if your funeral policy lapses?
A customer who misses payments for two months goes into cancellation status. In this status, you are not able to make any claims.
Why is it important to understand a lapse in your funeral policy?
Missing your premium payments breaches the terms and conditions of your coverage contract.
If I haven't paid premiums for 2 months and need to make a claim, am I still covered?
There is a three-month grace period to pay the policy. If payment isn't made by the end of the third month, the policy will be canceled. No claims can be made during the cancellation period. Claims can only be paid after the waiting period, which is six months for natural death and immediate for accidental death.