What is a life insurance cancellation letter?
Sample 1 – Life Insurance Cancellation Letter. Please consider this letter as a formal request to cancel the referenced life insurance policy. Please stop all debits or charges for premium payments. The effective date of policy cancellation is 05/01/2020. I am also requesting written confirmation of the cancellation and the return of any premiums.
Can I cancel my life insurance policy?
Life insurance policies do not have any type of restriction that limits rights to cancel a policy. Review the information included with the policy to ensure the proper cancellation procedure is used. The next step is to prepare a rough draft of the life insurance cancellation letter.
How to write a letter of intent to cancel a policy?
If the policy has a cash value, then request that the amount be paid by check when sending any premium refunds. Include a salutation at the end of the letter. This will ensure that there is no question about the intent to cancel the policy.