Re: Cancellation of Life Insurance Policy. Dear Sir or Madam, Insured: Mary Higgins. Policy Number: ILLIP/003. Policy Period: 30 January 2020 to 30 January 2035. I am writing to formally request that the referenced insurance policy be canceled, effective 26 February 2031. Please stop charging premium payments to my account, AC 008/21, immediately and send me a written confirmation of the cancellation in the next 30 days.
What is an insurance cancellation letter?
Insurance Cancellation Letter: Insurance policies keep you safe in case of any untoward incident. It is a kind of legal policy between an insurer and the insured wherein the insurer has to pay an amount to the insured when the insured claims for it. This amount is paid by the insurer when they gauge the damages of the insured.
How do I cancel my life insurance policy?
Notify your insurer in writing that you want to cancel your coverage. Although some plans specify that submitting a temporary hold for the premiums qualifies as written notification, you can alternatively write a simple letter. Here’s an example of a cancellation letter for a life insurance policy: Greetings, [Mention the name of insurer]
How do you write a refund letter for car insurance?
When submitting premium refunds, if the insurance includes a monetary value, request that the amount be reimbursed by check. At the end of the letter, provide a salutation. This will eliminate any doubt regarding the intention to cancel the policy. For the salutation, use the term “Sincerely” or “Best Regards.”