| Description |
| Grace Period Start Date |
| Type : Date |
| Definition |
| The date that the contract will enter lapse processing. May also be called the No Lapse Fail Date. When used on No Lapse Guarantee options (LifeCovOptionType tc=9), this represents the date on which the guarantee conditions fail. For instance, the minimum premium is not paid or the cash value has dropped to zero. |
| Parents |
| CovOption |