You can stop paying regular premiums after you make your second annual premium payment, fourth half-yearly premium payment, eighth quarterly premium payment, or twenty-fourth monthly premium payment.
During the premium holiday, we will still charge for your policy fee and expenses every month. If the amount of charges and expenses you owe becomes too high for your redemption value to cover, your policy will be terminated before it reaches maturity.
If you have been paying consecutive premiums for less than two years, and you do not pay your premiums within the grace period, your policy will be terminated. We will automatically surrender your policy if it has a guaranteed fund value.