Which of the following is NOT typically a requirement to reinstate a lapsed insurance policy?

To understand why providing a repayment plan for missed premiums is typically not a requirement for reinstating a lapsed insurance policy, it's important to look at the general practices surrounding policy reinstatement.

Reinstating a lapsed insurance policy usually requires the policyholder to meet certain criteria to prove their commitment and restore the policy. These requirements typically include:

1. Repayment of any outstanding loans: If there is a loan against the policy, this must usually be addressed first, as outstanding loans can affect the reinstatement process and the overall status of the policy.

2. Paying past due premiums: To reinstate a policy, the insured typically needs to pay any premiums that were missed prior to the lapse. This re-establishes the active status of the policy.

3. Filling out a reinstatement application: Most insurance companies require the policyholder to fill out an application that verifies their health status and risk factors since the policy's lapse. This allows insurers to reassess the policyholder’s insurability.

In contrast, a repayment plan for missed premiums is not a standard requirement. Insurance companies often require the past due premiums to be paid in full upfront to reinstate the policy, rather than setting up a plan to