This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam.

In this episode you will learn:

• The standard reinstatement window is typically 3 years following a policy lapse.

• Policyowners must provide fresh evidence of insurability to prove they are still a standard risk.

• Reinstatement requires repayment of all missed premiums, outstanding loans, and accrued interest.

• The primary benefit of reinstatement is maintaining the original issue age and lower premium rates.

• Reinstating a policy resets the two-year clocks for both the incontestability and suicide clauses.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep