Maryland Sample Letter for Pending Cancellation of Life Insurance Policy
Description
How to fill out Sample Letter For Pending Cancellation Of Life Insurance Policy?
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FAQ
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.
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.
Key Takeaways A cancellation provision clause is a provision in an insurance policy that permits an insurer to cancel a policy at any time before its expiration date. Cancellation provision clauses require the party that chooses to cancel the policy to send written notice to the other party.
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.
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.
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.
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.
