The Wretched Refuse of Your Teeming Shores. Take a close look at those refugees who are fleeing the war-torn Middle East and trying desperately to save their lives by escaping to Europe. Look at their faces. Examine their clothing.
Definition of grace period. : a period of time beyond a due date during which a financial obligation may be met without penalty or cancellation.
For term insurance: Most insurance companies have what is known as a grace period. This allows someone to get behind 30 days and the policy moves into grace. Grace means that if you die during that period, your family will still be given the death proceeds (although they will reduce the proceeds by the premium due).