[Your Name] [Your Address] [City, State, Zip] [Email Address] [Phone Number] [Date] [Life Insurance Company Name] [Address] [City, State, Zip] Subject: Pending Cancellation of Life Insurance Policy — Request for Reconsideration Dear [Life Insurance Company Name], I hope this letter finds you well. I am writing to address the pending cancellation of my life insurance policy [Policy Number], as stated in the recent notice I received from your esteemed company on [Date of Notice]. I have been a loyal customer of [Life Insurance Company Name] for [X] years and have diligently paid my premiums on time. It has come to my attention that due to non-payment of premiums, my life insurance policy is at risk of cancellation. I would like to request your immediate attention to this matter and kindly reconsider the cancellation decision. I understand that life can sometimes bring unexpected financial hardships, and unfortunately, I temporarily faced a challenging situation that caused me to overlook the timely premium payment. However, I assure you that this was an isolated incident and not a reflection of my commitment to maintaining this policy. To remedy this situation, I have already made the due payment of the unpaid premium along with any accrued late fees on [Date of Payment]. I trust that this payment will rectify the situation and bring my account back into good standing. I kindly urge you to acknowledge this prompt payment and avoid proceeding with the cancellation of my life insurance policy. As a policyholder, I truly value the protection and peace of mind that this policy offers to my family and me. Losing this coverage, especially during these uncertain times, would be a great financial setback and emotional distress for my loved ones in the event of an unforeseen circumstance. I, therefore, humbly request your understanding and your compassion in this matter. I kindly ask that you review my payment record and reconsider the impending cancellation of my life insurance policy. Furthermore, I am positive that after evaluating my commitment to this policy and the prompt payment of the outstanding premiums, you will grant me this request and continue providing me the valuable coverage that I have come to rely on. Furthermore, I would be more than happy to provide any further documentation or information that you may require to facilitate the resolution of this matter. Please do not hesitate to contact me at [Phone Number] or via email at [Email Address]. I eagerly await your positive response and sincerely hope for a favorable resolution to this situation. Thank you very much for your time, attention, and understanding. I genuinely appreciate your consideration in reviewing my request and hope to maintain a long-lasting relationship with [Life Insurance Company Name]. Yours faithfully, [Your Name] Keywords: Iowa life insurance policy, letter for pending cancellation, reconsideration of policy cancellation, unpaid premium, late fees, policyholder, financial hardships, prompt payment, financial setback, emotional distress, unforeseen circumstance, payment record, valuable coverage.
Iowa Sample Letter for Pending Cancellation of Life Insurance Policy
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How to fill out Iowa Sample Letter For Pending Cancellation Of Life Insurance Policy?
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FAQ
A Cancellation of Insurance Policy Letter should contain the following information:Write down the name and address of the insurance company.Specify the current date.Announce your request to cancel the policy mentioned above.Request the return of unused premiums or portions.More items...
Here's what to have:The date you wrote the letter.Your name and mailing address.The insurance company's name and mailing address.The department you are sending the letter to (normally Cancellations Dept.)The policy number.The body of the letter informing the insurance company of your wish to cancel.More items...?
I hold an insurance policy in your company. Respectfully, I would like to bring into your kind concern that my policy number is (Policy Number) and due to (Reason Financial problem/ Requirement of funds/any other), I request you to kindly cancel my policy.
Canceling your term policy couldn't be easier: just stop paying your premium and write a letter or call your insurer to let them know you are canceling the policy. Check the website of your insurer, too there may be a form there you can fill out to terminate your policy.
Dear Sir or Madam, Please allow this letter to constitute my formal demand for cancellation of the above-captioned policy. This cancellation will be effective as of date. Please immediately return any unused premium to me at my address listed below.
Make sure you include the date, the company's name and contact information, and your account number if relevant. Be polite but firm when you tell the company to cancel your account. Remember that there is a typical 30-day notice period before a cancellation is put into effect.
To cancel the policy offline, one can do it through their advisor or visit the nearest insurance company branch. A cancellation request will need to be submitted in written format.
Re: Policy Number:# Cancellation. Dear Cancellation Department, I am sending you this written notice to request cancellation of my insurance policy effective (date you plan to cancel). I would appreciate you sending me written confirmation within 30 days that the cancellation has been put into effect.
I hold an insurance policy in your company. Respectfully, I would like to bring into your kind concern that my policy number is (Policy Number) and due to (Reason Financial problem/ Requirement of funds/any other), I request you to kindly cancel my policy.
