How long is the typical grace period for premium payments in Connecticut life insurance policies?

In Connecticut, the typical grace period for premium payments in life insurance policies is 30 days. This grace period allows policyholders to make their premium payments without losing coverage. During this time, if a premium is missed, the life insurance contract remains in effect, ensuring that the insured's beneficiaries are protected. If the premium is paid within this 30-day period, the policy continues as if no payment was missed. If the premium is not paid by the end of the grace period, the policy may lapse, and the coverage would subsequently end. Understanding the significance of this grace period is crucial for both agents and policyholders to maintain coverage and ensure the intended benefits of the insurance policy are preserved.