Tonya failed to pay her life policy's premium on the date in which it is normally due and is currently 23 days late. As a result of her policy's grace period provision, which outcome will occur?
1) The policy will be canceled immediately
2) The policy will remain active, but Tonya will be charged a late fee
3) The policy will remain active without any additional charges
4) The policy will remain active, but Tonya will lose some benefits