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Answer :
Final answer:
The grace period for an individual life insurance policy in California is 1 month or 30 days. This is a time in which the policyholder can pay the due premium without their policy lapsing.
Explanation:
In California, the grace period for an individual life insurance policy is 30 days, which means option B) 1 month is the correct answer. This is a regulated amount of time after the due date during which the policyholder can pay the premium without the policy lapsing. It's more or less a 'buffer' time to ensure coverage continuity despite missed payments. But remember, if the premium is not paid within this time, the policy might lapse, ending your life coverage.
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