Insurance,
Civil Litigation,
California Supreme Court
Sep. 7, 2021
High court clarifies life insurance grace period law
Most insureds pay regular monthly life insurance premiums for years without a problem. Occasionally, a policyholder may miss a premium payment. For example, in the last few months of her life, the policyholder may be so ill or incapacitated that she uncharacteristically fails to pay the monthly premium.
Robert J. McKennon
Shareholder
McKennon Law Group PC
20321 SW Birch St Ste 200
Newport Beach , CA 92660
Phone: (949) 387-9595
Fax: (949) 385-5165
Email: rm@mckennonlawgroup.com
USC Law School
Robert specializes in representing policyholders in life, health and disability insurance, insurance bad faith, ERISA and unfair business practices litigation. His firm's California Insurance Litigation Blog can be found at www.californiainsurancelitigation.com.
Larry J. Caldwell
Of Counsel
McKennon Law Group PC
Larry has litigated insurance claims for over 35 years and specializes in representing policyholders in ERISA, insurance coverage, and insurance bad faith litigation regarding disability, life, accidental death, pension and health insurance claims.
Most insureds pay regular monthly life insurance premiums for years without a problem. Occasionally, a policyholder may miss a premium payment. For example, in the last few months of her life, the policyholder may be so ill or incapacitated that she uncharacteristically fails to pay the monthly premium. If the policyholder misses a premium payment by the due date, or within a grace period following the due date, the policy will lapse, and the insurer will decline to p...
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