Your coverage with Guardian Life of the Caribbean Limited will terminate under the following conditions:
- If less than 24 months of payments have been made, a 30-day grace period shall be allowed for the premium payment to be paid. If the premium is not paid in full before expiry of the allowed 30-day grace period, during the first two policy years, the policy will lapse and be terminated.
- If more than 24 months of payments have been made and the premium is not paid in full before expiration of the days of grace, the accumulated value will be subject to deduction of charges as applicable. Providing the monthly payment exceeds the accumulated value of the policy, the policy will lapse and terminate
Payment Refund Policy