Final answer:
J can reestablish coverage under the Reinstatement provision. The Grace period provision, Surrender provision, and Conversion provision are not applicable in this case.
Step-by-step explanation:
J can reestablish coverage under the Reinstatement provision. The reinstatement provision allows policyholders to reinstate their lapsed policies within a certain period of time, typically with the requirement to pay any outstanding premiums and interest. This provision is designed to give policyholders a second chance to keep their coverage in force.
The Grace period provision allows policyholders to make a payment after the due date without losing coverage. However, since J's policy has already lapsed for 8 months, the grace period provision is no longer applicable in this case.
The Surrender provision allows policyholders to terminate their life insurance policy and receive the surrender value, which is typically the accumulated savings within the policy minus any applicable fees. The surrender provision is not relevant to J's situation.
The Conversion provision allows policyholders to convert their term life insurance policy into a permanent life insurance policy without the need for a medical examination. However, this provision is only applicable to term life insurance policies and does not apply to J's lapsed policy.