Short answer: District of Columbia life policies (other than industrial, annuities and pure endowments) must give a grace period of at least 30 days or one month for premiums after the first year, with optional interest not over 6% a year. Check your policy face page for any free-look window your insurer prints.
This guide is general consumer information for Washington, DC life insurance buyers. It isn't legal advice or a coverage determination. Policy wording, underwriting and the statutes linked below control.
Grace after the first year
D.C. Code §31-4703(a)(2) requires that the insured is entitled to a grace period of at least 30 days or of 1 month within which premiums after the first year may be paid, subject at the company's option to interest not in excess of 6% per year for the grace days. Grace begins on the premium-paying date stated in the policy. If the policy becomes a claim during grace before overdue or deferred premiums of the current year are paid, those premiums (with interest on overdue premiums) may be deducted from the settlement.
Free-look on the policy face
§31-4703's required provisions we confirmed cover premiums, grace, incontestability, loans and related clauses—not a free-look number in that section. Read the face page of your delivered policy for any examination or return window the insurer prints.
Insurer financial strength
Shoppers who want regulator guidance on insurer financial strength or solvency in Washington, DC can reach the District of Columbia Department of Insurance, Securities and Banking.
Questions? Contact Alishahi Insurance or call (877) 711-4545. See insurance in Washington, DC.
Frequently asked questions
What's D.C.'s life insurance grace period?
At least 30 days or one month for premiums after the first year under D.C. Code §31-4703, with interest capped at 6%.
Where is the free-look stated for a D.C. life policy?
Check the policy face page; §31-4703's required provisions we confirmed do not set that number.
Alishahi Insurance · 439 N Canon Dr, Penthouse, Beverly Hills, CA 90210 · (877) 711-4545 · CA License #4348151. General information only. This isn't legal, tax or financial advice or a coverage determination. Coverage depends on policy language and underwriting, and rules vary by state.