Daniel is an 89 year old widower with $500,000 Term to 100 death benefit policy. Daniel has been paying his monthly premiums for decades. Unfortunately he has just had a stroke and is in intensive care. What will happen with Daniel's life insurance? Daniel is an 89 year old widower with $500,000 Term to 100 death benefit policy. Daniel has been paying his monthly premiums for decades. Unfortunately he has just had a stroke and is in intensive care. What will happen with Daniel's life insurance? Daniel's premium will be paid by Automatic Premium Loan (APL) Since Daniel has a good record of payments over the years, and he is ill, the Insurer will extend his grace period Daniel must pay the premium within the next 30 days or the grace period will expire and policy will lapse Daniel has 60 days to pay the missed premium