In response to the COVID-19 pandemic, the governors of New York and New Jersey, alongside amendments to the insurance and banking regulations issued by the and Departments of Financial Services, extended grace periods for those who were able to demonstrate financial hardship as a result of the COVID-19 pandemic. Under these executive orders, qualifying individuals could receive a 90-day grace period for the payment of premiums and fees related to their life insurance policy. The regulations also required life insurance carriers to allow policyholders to pay overdue premiums over a 12-month period if they did not make a timely premium payment due to COVID-19-related financial hardship and could demonstrate ongoing financial hardship as a result of the COVID-19 pandemic.
As of May 5, 2023, the World Health Organization declared the COVID-19 pandemic to no longer be a public health emergency (PHE). As such, rules and guidelines for financial assistance, including late payment grace periods, may have changed. If you have questions regarding COVID-19 and your life insurance policy, reach out to your carrier. .
Contact Your Life Insurance Carrier
For specific details regarding your policy, please contact your provider.
800-231-0801
800-638-8428
803-735-1251
800-888-2452
800-347-7787
800-556-8527
800-796-3872
855-591-9026
800-775-6000
800-346-4773