If an insured requests reinstatement after the grace period, what may they need to provide?

When an insured requests reinstatement of their policy after the grace period has expired, the insurer may require several things to evaluate the reinstatement request. This typically includes a new policy application, which updates the insurer with the current information about the insured, and proof of insurability, which demonstrates that the insured is still healthy enough to qualify for coverage. Additionally, a statement of good health may be necessary to affirm that the insured has not experienced any significant health events since the policy lapsed.

Thus, all of these components—new application, proof of insurability, and statement of good health—serve to provide the insurer with essential information to determine whether to reinstate the policy. It reflects the insurer's responsibility to ensure that they are taking on manageable risk when reinstating coverage after a lapse.