Sure. But let me let you in on a secret. The insurance company doesn't want to lose your business, so they'll hint that you can't cancel. Untrue. You could've cancelled at age 18 and 1 second, if you so desired. All you simply have to do (whispering now) is borrow the cash values in the policy. They'll charge you a percent, somewhere between 5 and 15%. That's ok. Get the check then send another letter to the company cancelling the policy. When they start harrassing you about the money you owed, tell them that you borrowed YOUR OWN MONEY! and to leave you alone. Need some money? Press charges. OK. Normal tone now. LOL. Go for it! LUKHIWO! I do caution you. Make sure you already have a good 20 year level term on yourself, for you might not be insurable due to health. If you're not insurable, don't cancel the policy. Sin Loi.
Not that I'm aware of. You're Father only had to show "insurable interest" at the time the policy was taken out. I presume he's the owner of the policy, so he controls it. Also, that he's paying the premium. Let it go, forget about it.
Actually if you check into it with the insurance company customer service department I think you will find that you are now the owner as of the date you turned 21. As owner you can terminate it or change beneficiary or ownership, etc. I suggest you look into keeping it as you will never find the same insurance cheaper.
yes
You have to remove your child from the policy and have them find their own.
it is an amount paid by insurance company to person who has voluntarily terminate his policy before maturity
I need to report my father's death and collect on his life insurance policy.
How do I find out if my deseased father has a life insurance policy
ask the sibling.
An Optionally Renewable Policy is a contract of health insurance in which the insurer reserves the right to terminate the coverage at any anniversary or, in some cases, at any premium due date, but does not have the right to terminate coverage between such dates.
An insurance company can't force you to do anything. But, dependent on your policy, they could deny your claim or terminate benefits based on medical non-compliance.
You have to file a creditor's claim against the estate of the father.
The named beneficiary on the life insurance policy gets it. It is a contract and specifies who gets paid, usually it will be the spouse.
A life insurance policy for my father included his 3 children one is deseaced does the deseased child children then become heirs?
i trying to find out if my father who is deceased have a policy