The person who is the policyholder is the only one who can request a cancellation of the policy. If however, payments are being made monthly or quarterly to a credit card they can stop the payments and the policy will cancel for non-payment. You will receive a notice of cancellation and have the opportunity to change to a different form of payment to keep the policy in force.
policy holder
The holder is the owner, In the case of Life Insurance , the person paid is the beneficiary .
The person can be called Policy Holder,Insured, Life Assured as the case may be.
When a car has been repossessed the person paying the insurance should cancel it.
Applying for a credit card does not mean that a person has to us it. It is advisable that the person does not cancel the card, as this actually is harmful to credit scores, while having an unused credit card can be beneficial for credit scores.
Yes. You can cancel at any time
This will depend on some factors. Who is the policy-owner? The policy-owner is the only person who can cancel the insurance policy,
Yes, they can cancel all insurance on each other that the other is paying for. This can only happen if the insurance policy was created with both people as either primary or secondary policy holders. A person cannot just call or contact an insurance company and cancel their insurance without being on the policy.
Yes, unless the credit card holder told the person that it was a gift.
If a person is paying for Anthem Heath Insurance throug their job and they are quitting, the compaby will cancel the insurance. A person will also recieve a letter in the mail, which will ask if they want to continue paying full price for their coverage.
Usually all you need is the person's name and their relationship to the account holder. Credit Card issuers have different criteria for adding an authorized person or a second card holder.
They can't ! A credit card is issued in recognition that the card-holder is able to repay any balance owing. If a person has no regular income - they are extremely unlikely to be granted a credit card !