Which of the following can be a consequence of an unpaid premium after the grace period?

When an insurance policyholder fails to pay their premium within the grace period, the most likely consequence is that the coverage may lapse or the policy may remain in force with loans. The grace period is a set timeframe during which the policyholder can make a payment without losing coverage, but once this period elapses without payment, the insurance company is no longer obliged to honor the coverage.

If the policy has an accumulated cash value and loans have been taken against it, the policy may remain in force as long as there is sufficient cash value to cover the cost of the insurance and any outstanding loans. However, if there are insufficient funds to cover these costs, the policy will lapse.

In contrast, other options such as transferring the policy to a family member, extending coverage indefinitely, or receiving a refund do not typically occur as a result of unpaid premiums after the grace period. Policies generally do not allow for transfers unless specified under certain conditions, insurance coverage does not continue indefinitely without payment, and refunds for unpaid premiums are uncommon in standard practice.