For instance, term and whole-life insurance policies handle lapses differently Lapses and Loss of Benefits: If you fail to pay the premium within the stipulated time, your policy may lapse ...

Foresters Life failed to comply with California's lapse notice laws, the Ninth Circuit ruled—but the lapsed policy wasn't ...

A 9th Circuit Court of Appeals’ panel partially reversed a lower-court ruling last week in a California term policy lapse lawsuit.

A loan against your LIC policy might be the ... which means all premium payments should be up to date and the policy should not have lapsed. If your policy has lapsed, you must first revive ...