Paragraph match score 84.4%
Page A-583
Glossary
Grace Period: The additional time after the premium due date during which coverage continues without lapse Policy Lapse: Termination of life cover due to non-payment of premium after the grace period
Page A-604
Glossary
Grace Period: A short time after the due date to pay the premium without penalty Lapse: When an insurance policy becomes inactive because premium payments have stopped