Is there a grace period for the due date? what will happen if I miss the payment due date and paid it few days after? will I incur any charges?

Yes, there’s a grace period on due dates. What will happen if you miss paying on the due date? It actually depends on what type of plan you got. If it’s a VUL plan, it will not incur any charges.
As long as there’s enough fund value to pay for the charges, your policy will remain in-forced.

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