What does policy status in force mean?
Policy Status – Where Available\n\n Status of your policy indicates if your policy is in force or has lapsed due to non-payment of premium. It also provides other important information with respect to your policy, for your reference.
What does it mean when a policy is not in force?
In-Force Business — the total dollar amount of paid-up and current insurance policies that a life or health insurer carries on its books. A life insurance company's in-force business is the aggregate of all policy face values in its portfolio. A health insurance company's in-force business is its total premium volume.
What does inforce mean for life insurance?
Key Takeaways\n\n An insurance policy period is the time frame during which an insurance policy is effective. Most insurance companies offer six-month and year-long car insurance policies; some may also offer month-to-month policies. Policy periods are also important in determining your payment due date.