Do I have to notify Manhattan annually that I would like the policy to remain in force? No, once your application is approved and you are issued a policy it is guaranteed renewable for your entire life, contingent upon the timely payment of premiums. What if my premium payment is late? A grace period of thirty-one days is granted for the payment of each premium payment. During the grace period the policy remains in force. What if my policy lapses due to non-payment of premiums? A policy may be reinstated if the grace period expires without receipt of payment, however in order to be reinstated the insured will have to fill out a reinstatement application and go through the underwriting process. This could potentially involve a phone interview, list of current and past prescriptions, and in rare cases medical records from your physician. Visit ManhattanLife's Medicare Supplement for plan information.