Insurance Guides And Tips

Although insurance is great, being able to cancel it is sometimes better. For example, when this writer’s parents divorced way back in the Stone Age, they were both able to cancel their life insurance policies and get some cash in order to start their new lives. Since you are dealing with an insurance company, you should expect a hard time from them in trying to cancel a policy. You usually have to write them a cancellation letter. You can find many insurance sample cancellation letters on the web.

Communicate With Your Company

If you can’t get online (how are you reading this, then?) or if you aren’t sure if the insurance sample cancellation letters on a website might not work for your particular insurance company, you need to ask a lot of hard questions to your insurance company. Look over your policy to see what the cancellation terms are. There might be an insurance sample cancellation letter in all of your insurance paperwork.

Worse comes to worse, you need to talk with your insurance agent or a customer representative from your insurance company and ask them to send you an insurance sample cancellation letter that they would accept. Either that, or they could tell you all of the information that you need to put in a policy cancellation letter.

Average Information Requirements

Here is an insurance sample cancellation letter, containing many of the information requirements of the average insurance company. If you have a friend or family member who works in the legal business, have them look this over. Don’t copy this word for word, please – not unless you really want to make your insurance company roll on the floor laughing:

Your Name, Address and Policy Number

To Whom It May Concern:

I wish to cancel my (type of insurance) policy (repeat number) as of (date) because (reason why). I have told my bank that you no longer have the authority to make automatic withdrawals from my bank account. Included is a check for the amount I still owe you. If my policy is not cancelled within 30 days, I will have to give this to my legal counsel. Thank you for your attention in this matter.

You need to either write this really neatly in ink or type it up. Insurance companies pay more attention to typewritten notes. You have to sign it yourself in ink. Pencil will not work, because it can be too easily changed. Also, pencil fades.

Source : platformask.com