What is the typical grace period for ordinary life insurance policies?

The typical grace period for ordinary life insurance policies is commonly one month. This means that if a policyholder misses a premium payment, they usually have an additional thirty days to make that payment without risking the lapse of their coverage. During this period, the policy remains in force, and the insurer cannot deny a claim due to non-payment provided the premium is paid within the grace period. This one-month grace period is standard in the industry, offering policyholders a reasonable allowance for unforeseen circumstances that might prevent timely payment of premiums. Longer grace periods like two or three months, while possible in some special cases or products, are not typical for most ordinary life insurance policies.