Which two actions are typically required for policy reinstatement?

Which two actions are typically required for policy reinstatement?

• A. Provide evidence of insurability, pay past due premiums
• B. Submit new beneficiaries, file a claim
• C. Cancel the policy, reapply
• D. Change policy type, update premium

Answer: (A)

When a policy lapses, reinstatement means bringing it back to active status, and it usually requires two things: evidence of insurability to confirm that you still qualify for coverage, and payment of all past-due premiums (often with interest). This combination shows you’re still a suitable risk and that the premium history is current, which is necessary for the insurer to restore the contract. Other options, like naming new beneficiaries, filing a claim, canceling and reapplying, or changing the policy type or premium, aren’t part of reinstating a lapsed policy.

When a policy lapses, reinstatement means bringing it back to active status, and it usually requires two things: evidence of insurability to confirm that you still qualify for coverage, and payment of all past-due premiums (often with interest). This combination shows you’re still a suitable risk and that the premium history is current, which is necessary for the insurer to restore the contract. Other options, like naming new beneficiaries, filing a claim, canceling and reapplying, or changing the policy type or premium, aren’t part of reinstating a lapsed policy.