contract of life insurance

基本解释

Life insurance contract of long period is suspended because the insured do not pay the back premiums which are due after the grace period.
当投保人在人身保险合同宽限期期满时仍未能缴纳当期保险费的，合同效力有两种可能性。
When insurers still do not pay insurance fees after grace period of life insurance contract, legal effect of contract has two possibilities.
当投保人在人身保险合同宽限期期满时仍未能缴纳当期保险费的，合同效力有两种可能性。
When insurers still do not pay insurance fees after grace period of life insurance contract, legal effect of contract has two possibilities.
长期的人身保险合同，因不付到期的续期保险费在宽限期后效力中止。

On the basis of his interpretation of the life insurance policy contract, petitioner stopped making premium payments in 1977 and considered the policy abandoned.
FORBES: 1099s From Insurance Companies - Don't Ignore But Don't Take At Face Value Either
We believe a plain reading of the terms in the life insurance contract signifies that the policy should have terminated and been converted to extended term insurance on several occasions before 2008.
FORBES: 1099s From Insurance Companies - Don't Ignore But Don't Take At Face Value Either