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There is no grace period after signing a car lease. This assumes that there was no misrepresentation or fraud in the inception of the agreement. Also, dealerships generally display a No Cooling Off Period in the financing office and similar language is customarily on the lease and other documents.
Fifth dividend option â a whole life dividend option for which dividends are used to purchase one-year term insurance equal to the policyâs current cash value. Grace period â amount of time following a premium due date in which a policyowner may pay the overdue premium. The grace period is a typical contractual provision in a life insurance