My dad had a life insurance policy for the past 20 years. Whole life. The renewal date for the policy is April 12. My mom just sent in the payment the week before.
On Saturday April 13, my dad passed away. yeah. Bad timing on that issue, for sure.
My question is: If the premium paid on 4/12 refunded at all or prorated? Or, if it is one day into the year it is all gone?