What must an agent do if a life insurance policy is backdated by one month?

When a life insurance policy is backdated by one month, the insurance company requires the agent to obtain two months' premiums from the applicant. This is necessary because the backdating effectively extends the effective date of the coverage one month into the past, which means the insurer is at risk for that additional month of coverage even though the applicant is paying premiums starting from the current date. By collecting both the current month's premium and the previous month's premium, the insurer ensures that the coverage is paid for the entirety of the backdated period, protecting both the insurer's interests and ensuring that the policyholder has continuous coverage from the intended date.