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Just call your agent or your insurance company's customer service department and tell them you wish to cancel your life policy. If it is a cash value plan you may have money coming back. Why do you want to cancel it? Did you find out you will never die? Also, consider selling it. You will get more than your cash value if it is that type of plan and certainly more than your cash value of term which is ZERO. I can help you with this. 4LifeGuild
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∙ 15y ago
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Can an insurance company terminate your life insurance policy because you didn't pay the loan interest?
yes
If you have life insurance through your company do you lose your life insurance if terminated?
It depends on your company, and the way that they have set up the plan. Some of the group life insurance is portable, which means that it comes with you when you leave if you so desire. Other types of group life terminate as soon as you leave employment.
What is surrender value in accounting in joint life policy?
it is an amount paid by insurance company to person who has voluntarily terminate his policy before maturity
If granter is not dead can he terminate a life estate?
The grantor can terminate a life estate if she reserved the right to revoke it. Otherwise, only the life estate holder or a judge can terminate a life estate if the life tenant is living.
Can an employer terminate my medical insurance while I am on workmen's comp?
In Canada they cannot terminate medical insurance while an employee is on Worker's comp. However, if all employees have their medical terminated then the employer can get away with it.
Can a MD terminate a patient because his insurance does not pay enough?
Generally they will not terminate the patient but rather tell them they will no loger accpt the insurance either at all or in part. The patient is free to pay for the service themselves or pay the balance above what the insurance pays. However, contracts between doctors and insurance companies change (and terminate) all the time. When that happens the doctor is not obligate to continue to accept the old terms.
Can a quit claim deed be used to terminate life use?
Yes. The life tenant could use a quitclaim deed form to terminate their life estate.
Is it wrong to terminate a babies life?
Marriage
Can employer cancel health insurance upon termination?
Technically employer should inform the insurance company when they terminate any regular employee. Then insurance company will give 31 days window after termination date. That way, the emplyee could able to change their insurance either to new company benefits program or convert to individual health insurance. The employer can't terminate your group health insurance.
Does life tenancy terminate upon death?
Yes.
What is basic life insurance?
Term insurance without any optional rider is considered to be the most basic type of life insurance. You purchase protection for a certain amount of time, after which the policy terminates. You have a fixed premium that does not change until the end of your term policy. You then have the option to terminate, or convert the term to a permanent form of life insurance. Term Assurance Policy is the basic life insurance policy.This is the cheapest pure life risk plan. On maturity, no amount will be paid to the policy holder. On any eventuality of the policy holder during policy term, sum assured amount will be paid to the nominee.
Do you need a will for life insurance?
You do not need a will for life insurance. I don't have a will, but I have life insurance. ;)
