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Maryland Sample Letter for Pending Cancellation of Life Insurance Policy

State:
Multi-State
Control #:
US-0448LR
Format:
Word; 
Rich Text
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Sample Letter for Pending Cancellation of Life Insurance Policy
Subject: Urgent Pending Cancellation of Life Insurance Policy — Maryland Sample Letter Dear [Insurance Provider's Name], I am writing to address a pressing matter regarding the pending cancellation of my life insurance policy with your esteemed company. As a policyholder residing in Maryland, I have recently received a notice indicating the imminent termination of my valuable life insurance coverage. I wish to express my sincere concern about this pending cancellation and emphasize my strong desire to retain the policy. This letter serves as a formal request to prevent the cancellation and highlights the reasons behind my urgent appeal. [Optional: For multiple types of Maryland Sample Letters, list them here: 1. Maryland Sample Letter for Pending Cancellation of Term Life Insurance Policy 2. Maryland Sample Letter for Pending Cancellation of Whole Life Insurance Policy 3. Maryland Sample Letter for Pending Cancellation of Universal Life Insurance Policy] The cancellation notice lacked an explicit explanation for the circumstances leading to this decision or any documentation supporting the same. Thus, I kindly request your prompt assistance in clarifying the basis for this impending termination, as well as providing me with any pertinent information, such as non-payment records or policy violations, which may have led to this action. Since becoming a policyholder, I have made consistent premium payments within the agreed schedule, ensuring the financial stability of the policy coverage. To the best of my knowledge, there have been no lapses in payments that could justify the cancellation. Therefore, I firmly believe that this termination may have occurred due to a misunderstanding or an administrative error. Considering the importance of life insurance coverage for the wellbeing and financial security of my loved ones, I earnestly request that you suspend the cancellation process until further investigation can be conducted. I kindly ask for your cooperation in issuing a written acknowledgment of this letter to guarantee that my concerns have been received and are being addressed promptly. Moreover, I kindly request an extension of the existing policy's coverage during this resolution period to ensure my family's protection remains intact. I am willing to provide any supplementary documentation required to facilitate this process and to reaffirm my commitment to maintaining the policy. It is my hope that this matter can be resolved amicably, recognizing the long-standing relationship we have established as policyholder and insurance provider. I trust in your professionalism and dedication to customer satisfaction throughout this ordeal. Please consider this request with utmost urgency to avoid any unnecessary disruption and provide the necessary assurance that my life insurance policy will be preserved. I eagerly await your response within [insert timeframe] to alleviate my concerns and retain the vital coverage that my family relies on. Thank you for your immediate attention to this matter and for valuing my role as a policyholder. I look forward to a swift resolution. Sincerely, [Your Full Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number]

Subject: Urgent Pending Cancellation of Life Insurance Policy — Maryland Sample Letter Dear [Insurance Provider's Name], I am writing to address a pressing matter regarding the pending cancellation of my life insurance policy with your esteemed company. As a policyholder residing in Maryland, I have recently received a notice indicating the imminent termination of my valuable life insurance coverage. I wish to express my sincere concern about this pending cancellation and emphasize my strong desire to retain the policy. This letter serves as a formal request to prevent the cancellation and highlights the reasons behind my urgent appeal. [Optional: For multiple types of Maryland Sample Letters, list them here: 1. Maryland Sample Letter for Pending Cancellation of Term Life Insurance Policy 2. Maryland Sample Letter for Pending Cancellation of Whole Life Insurance Policy 3. Maryland Sample Letter for Pending Cancellation of Universal Life Insurance Policy] The cancellation notice lacked an explicit explanation for the circumstances leading to this decision or any documentation supporting the same. Thus, I kindly request your prompt assistance in clarifying the basis for this impending termination, as well as providing me with any pertinent information, such as non-payment records or policy violations, which may have led to this action. Since becoming a policyholder, I have made consistent premium payments within the agreed schedule, ensuring the financial stability of the policy coverage. To the best of my knowledge, there have been no lapses in payments that could justify the cancellation. Therefore, I firmly believe that this termination may have occurred due to a misunderstanding or an administrative error. Considering the importance of life insurance coverage for the wellbeing and financial security of my loved ones, I earnestly request that you suspend the cancellation process until further investigation can be conducted. I kindly ask for your cooperation in issuing a written acknowledgment of this letter to guarantee that my concerns have been received and are being addressed promptly. Moreover, I kindly request an extension of the existing policy's coverage during this resolution period to ensure my family's protection remains intact. I am willing to provide any supplementary documentation required to facilitate this process and to reaffirm my commitment to maintaining the policy. It is my hope that this matter can be resolved amicably, recognizing the long-standing relationship we have established as policyholder and insurance provider. I trust in your professionalism and dedication to customer satisfaction throughout this ordeal. Please consider this request with utmost urgency to avoid any unnecessary disruption and provide the necessary assurance that my life insurance policy will be preserved. I eagerly await your response within [insert timeframe] to alleviate my concerns and retain the vital coverage that my family relies on. Thank you for your immediate attention to this matter and for valuing my role as a policyholder. I look forward to a swift resolution. Sincerely, [Your Full Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number]

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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.

More info

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Maryland Sample Letter for Pending Cancellation of Life Insurance Policy