What is the primary advantage to the policyowner in the reinstatement of a life insurance policy?

The primary advantage to the policyowner in the reinstatement of a life insurance policy is that it allows them to have their coverage restored without having to reapply for coverage or go through underwriting. This also allows the policyowner to avoid any increased premiums that may have been incurred by reapplying and going through underwriting again. Reinstatement also allows the policyowner to reinstate the same benefits they had prior to the policy lapsing, rather than having to settle for new and possibly lesser benefits.