Nebraska Sample Letter for Pending Cancellation of Life Insurance Policy

• Category: Letters - Nonlegal - Cancellations
• State: Multi-State
• Control #: US-0448LR
• Format: Word; Rich Text

Description

Sample Letter for Pending Cancellation of Life Insurance Policy [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Insurance Company Name] [Insurance Company Address] [City, State, ZIP Code] Subject: Pending Cancellation of Life Insurance Policy — Request for Reconsideration Dear [Insurance Company Name], I am writing to you regarding the pending cancellation of my life insurance policy with policy number [Policy Number], effective [Cancellation Date]. I received your letter dated [Date of Insurance Company's Letter] stating that my policy is at risk of cancellation due to non-payment of premiums. Firstly, I would like to express my utmost concern about this matter. As a long-term policyholder with [Insurance Company Name], I have faithfully paid my premiums on time for [Number of Years] years. However, due to an unfortunate financial circumstance, I experienced a brief delay in disbursing my premium payment for the policy period commencing [Start Date] to [End Date]. I understand and acknowledge the importance of timely payments to keep the policy in force. However, I kindly request you to reconsider the cancellation decision, as paying the outstanding premium is my highest priority. I highly value the financial protection and peace of mind provided by this life insurance policy, especially for my family's well-being in the event of an unforeseen tragedy. Please find enclosed a check in the amount of [Total Amount] as payment towards the outstanding premium. Rest assured, I have taken the necessary steps to ensure future payments are made promptly and consistently, to avoid any further interruptions. I kindly request you to review my payment and take appropriate action to reinstate my policy. If any additional documentation or information is required, please do not hesitate to contact me at the above-mentioned contact details. I genuinely appreciate your understanding and cooperation in this matter. My life insurance policy holds immense value to me, and I eagerly anticipate your favorable response. Thank you for your prompt attention to this matter. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Insurance Company Name] [Insurance Company Address] [City, State, ZIP Code] Subject: Pending Cancellation of Life Insurance Policy — Request for Reconsideration Dear [Insurance Company Name], I am writing to you regarding the pending cancellation of my life insurance policy with policy number [Policy Number], effective [Cancellation Date]. I received your letter dated [Date of Insurance Company's Letter] stating that my policy is at risk of cancellation due to non-payment of premiums. Firstly, I would like to express my utmost concern about this matter. As a long-term policyholder with [Insurance Company Name], I have faithfully paid my premiums on time for [Number of Years] years. However, due to an unfortunate financial circumstance, I experienced a brief delay in disbursing my premium payment for the policy period commencing [Start Date] to [End Date]. I understand and acknowledge the importance of timely payments to keep the policy in force. However, I kindly request you to reconsider the cancellation decision, as paying the outstanding premium is my highest priority. I highly value the financial protection and peace of mind provided by this life insurance policy, especially for my family's well-being in the event of an unforeseen tragedy. Please find enclosed a check in the amount of [Total Amount] as payment towards the outstanding premium. Rest assured, I have taken the necessary steps to ensure future payments are made promptly and consistently, to avoid any further interruptions. I kindly request you to review my payment and take appropriate action to reinstate my policy. If any additional documentation or information is required, please do not hesitate to contact me at the above-mentioned contact details. I genuinely appreciate your understanding and cooperation in this matter. My life insurance policy holds immense value to me, and I eagerly anticipate your favorable response. Thank you for your prompt attention to this matter. Yours sincerely, [Your Name]