What must a policyholder do to reinstate a lapsed life insurance policy in Virginia?

To reinstate a lapsed life insurance policy in Virginia, the policyholder is typically required to provide proof of insurability. This requirement ensures that the insurance company can assess the current health status of the policyholder, as underwriting guidelines may have changed since the policy was originally issued. By providing this proof, the insurer can determine if they are willing to accept the risk and reinstate the policy.

In addition to proving insurability, the policyholder may also need to pay any outstanding premiums to bring the account up to date. However, proof of insurability is often a critical step in the reinstatement process, addressing any changes that have occurred since the original policy was in force. Therefore, fulfilling the condition to demonstrate insurability is essential in reinstating coverage.