If thee policy has already lapsed, there is no active policy to cancel. It means that it is already cancelled.
If they die after the policy lapses, then no payment is made. if the policy lapsed after the the person dies, then payment should be made to the beneficiary. mcdlife.com
Usually an insurance policy lapses when there is not enough premium paid or not enough cash value to keep the policy in force. So, if the policy lapsed, there is no refund owed to the policy owner if the policy had no "Return of Premium" or any cash value left. The premiums already paid into the policy were used to cover for the amount of time since policy issue until the moment it lapsed.
No.
If you ask your insurance company to cancel your policy, they will.
If you cannot cancel a policy that you don't want that you are paying for on a spouse you need to contact the company which provides the policy. Most companies should allow you to cancel a policy.
It really depends on how long your policy has lapsed, but there are insurance companies that will provide you with insurance coverage even with a lapse. Give us a call and we can get you a replacement policy. 847-444-2571, ask for LIZ.
Only the policy-holder has the right to cancel. You have no say in the matter.
i don't think so
Most insurance companies wont allow a policy to be reinstaed after the policy has lapsed (or become paid up). once 13 months of premiums are missed usually the policy becomes lapsed and cannot be reinstated after this time.It is worth calling the customer reps for your insurance company who can confirm this.
If the accident occurred after your policy lapsed and before reinstatement, no, it won't.
If you have an accident in the first 60 days of your policy,, Yes They can cancel your policy
Yes. You can cancel at any time