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You have got Philippine Prudential Life Insurance Company Inc two days ago but you change your mind can you still cancel it?
Wiki User
∙ 13y ago
Take a look at the front page...policies in the United States always provide a "FREE LOOK" period. Commonly 10 days and 30 days depending on the policy type and age of the insured.
Take a copy of the Front page and the "Policy Specification page" for your records.
Contact the agent- notify him/her that you wish to return the policy and have a full refund of your premiums. The agent should be willing to help you return the policy, though they won't be happy, as they will be hurt financially by having your policy returned "not taken" or "free look". They will have to return any commission, plus the "persistency" for the agent will be hurt, which can lower their pay for service of existing clients if they work for Prudential directly.
Verify the Carriers toll-free phone number and arrange to have the policy returned quickly to the carrier. IF the agent hesitates or delays in any way...be sure to return it immediately yourself.
If returning it yourself:
Mail the policy (if you received it) to the Home office of the insurer immediately. The address will be listed on the policy. Send a signed, dated letter, (providing policy number if possible and policy) to the carrier asking to have all premiums refunded immediately and all future bank drafts stopped immediately regarding the plan. Send the policy and the signed letter to the carrier.
Wiki User
∙ 13y ago
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How to cancel my progressive policy?
If you ask your insurance company to cancel your policy, they will.
You have got Philippine prudential life insurance company.inc. two days ago but you change your mind can you still cancel it?
Yes! just write a copy a cancellation letter,photocopy the letter and all the documents that they gave you then go to the branch where you availed your policy. be sure to cancel your policy within 15 days free look period.
How does the policy get canceled?
Lack of payment or too many collisions the insurance company has to pay for. If you want to cancel your auto insurance policy to go with another company, call your insurance company and tell them you want to cancel your insurance but be ready for them to try to persuade you to stay.
Can you cancel motorcycle insurance if you sell motorcycle?
Sure, you can. The insurance company should pay you a pro-rated refund after you cancel the policy.
Can a mortgage bank or company cancel your homeowners insurance with a private company?
What do you mean "private company" If you have HO insurance the bank can not canel it. Only you can.
Can the insurance company charge you to cancel your insurance?
Yes! They can charge you a cancellation fee that is either a flat rate or is a percentage of your total annual premium calculated based on when you cancel. Lots of insurance companies do this although some only charge you to cancel within the first year
Can insurance cancel your insurance after they have taken payment?
An insurance company can cancel your coverage for any number of reasons, all of which would need to be laid out in the policy (contract) that you signed with them upfront. The most common reason that a company would cancel your insurance would be for nonpayment. Other than that, you are probably safe unless you lied about something on the application.
Will in insurance company cancel policy if you sue them?
No, the Insurance Company has no right to cancel policy even if you sue them, unless you have failed in timely renewal or did any contractual violation like concealment of facts, that can jeopardize the basic objective of an insurance policy.
Can insurance company cancel policy after taking payment?
Base on state regulations, there are many reasons a company can cancel an insurance policy. If you paid for a year and they cancel you after 1 month, you will only be charged for 1 month of coverage and the other portion should be refunded to you.
Can you stop a term life insurance policy?
Yes, you can. Call the life insurance company and cancel the policy.
Does having three accidents mean your insurance will be canceled?
No, the insurance company will not cancel your insurance for having three accidents, but they will increase your insurance premium.
Can your insurance company cancel auto coverage after you had an accident?
If you have an accident in the first 60 days of your policy,, Yes They can cancel your policy
