Home > Term: Lapse (or lapse in coverage)
Lapse (or lapse in coverage)
Anyone who buys an insurance plan pays a premiums. You pay this amount every month. If you miss a payment, the insurance company can cancel your coverage. It means you have let your insurance coverage lapse. You have let it end.
- Part of Speech: noun
- Industry/Domain: Health care
- Category: General
- Company: Aetna
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- Harry8L
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