contract of life insurance

基本解釋

Life insurance contract of long period is suspended because the insured do not pay the back premiums which are due after the grace period.
當投保人在人身保險合同寬限期期滿時仍未能繳納當期保險費的，合同效力有兩種可能性。
When insurers still do not pay insurance fees after grace period of life insurance contract, legal effect of contract has two possibilities.
當投保人在人身保險合同寬限期期滿時仍未能繳納當期保險費的，合同效力有兩種可能性。
When insurers still do not pay insurance fees after grace period of life insurance contract, legal effect of contract has two possibilities.
長期的人身保險合同，因不付到期的續(xù)期保險費在寬限期后效力中止。

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