How To Reinstate A Lapsed Life Insurance Policy? 
If a policy lapses you must fill out an application for reinstatement and pay all back premiums . As long as your health has n't changed there should be no problem . If the policy is less than a year old you can reinstate by redating with some companies . You have the policy reissued with a new issue date . This way you do not have to pay the back premiums . 