Final answer:
The grace period for group life and health insurance is typically 30 days, but it can vary. During this time, the policyholder can make premium payments without penalty or loss of coverage.
Step-by-step explanation:
The grace period for group life and health insurance for the payment of any premium after the first has been made varies, but commonly it is 30 days. During this grace period, the policyholder can make the premium payment without any penalty or loss of coverage. In some cases, insurance companies may offer shorter grace periods of 7 or 15 days, while others may provide longer grace periods of 60 days.