To reinstate a lapsed life policy, the insured MUST

• A. Remit all past-due premiums within the grace period
• B. Pay only current premium
• C. Provide updated medical information
• D. Submit a new application

Answer: (A)

Bringing a lapsed policy back into force hinges on bringing the policy current by paying all amounts that are owed, within the allowed reinstatement period. When a lapse occurs, the contract has effectively been interrupted, so the insurer requires you to make up the back premiums (often with any interest) to restore the original terms. Once those past-due premiums are paid within the permitted window, the policy can be reinstated and coverage resumes as if the lapse never happened, subject to any standard underwriting or conditions the insurer may require.

Paying only the current premium wouldn’t clear the backlog that caused the lapse. While updated medical information or a new application might be required in some situations, they aren’t the universal mandatory step for reinstatement—the essential action is paying the past-due premiums within the allowed reinstatement period. Submitting a new application isn’t necessary to reinstate an existing policy.