Quarter Horses owe their breed name from their ability to run a fast quarter mile. However, while Quarter Horses are great sprinters they are not so good at longer distances. They don't have the running stamina to race over a ten furlong course (about 2 km or 1 1/8 m) like their Thoroughbred counterparts.
(1) a policy record for each insurance contract or policy for six calendar years after the date the policy is no longer in force or until after the filing of the report on examination in which the record was subject to review, whichever is longer.
If you have defaulted, chances are your life cover has lapsed. Of course, insurers provide a grace period after the deadline for premium payments expires. This period is 15 days for monthly premiums and 30 days for other duration premiums. Life Insurance is essentially a contract between you and the insurance company.erein, you can revive: Term and Whole Life Insurance and Endowment Plans within 2 years. Life Insurance Corporation (LIC) allows 5 year revival durations for certain policies. Nevertheless, revive policies within 6 months of lapse to avoid higher premiums, larger interests, and hefty penalties.