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As per my knowledge both Reinstatement & Revival are two different terms for the same thing , definition of which is following :-- The process by which an insurer puts back into force a life insurance policy that has been terminated for non-payment of premiums or a life insurance policy that has been continued as an extended term or reduced paid-up insurance.
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Earn +20 ptsQ: What is the difference between life insurance reinstatement and revival?
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