Can a Life Insurance Company Cancel Term Life Insurance?

A term life insurance policy will stay "In Force" as long as you continue to pay the premiums due for your policy.

If you miss a premium due date you may have a 31 day grace period to pay the premium due.

Your life insurance policy will remain "In Force" during the grace period.

An individual term life insurance policy can be canceled by the insurer only for non-payment of premium due.

If you do not pay the overdue premium payment within the grace period your term life policy will terminate.

The term life policy cannot be canceled by the insurer due to a change in your health status.