Mississippi Sample Letter for Pending Cancellation of Life Insurance Policy

State:
Multi-State
Control #:
US-0448LR
Format:
Word; 
Rich Text
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Description

Sample Letter for Pending Cancellation of Life Insurance Policy

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Insurance Company Name] [Attn: Customer Service] [Company Address] [City, State, ZIP] Re: Pending Cancellation of Life Insurance Policy — Policy Number: [Policy Number] Dear Sir/Madam, I am writing to express my concerns and request reconsideration regarding the pending cancellation of my life insurance policy with [Insurance Company Name]. I believe that there has been a misunderstanding or some confusion that has led to this decision, and I kindly ask for your attention to resolve this matter promptly. I have been a policyholder with [Insurance Company Name] for [number of years] years. During this time, I have faithfully made all the premium payments without any delinquency or lapses. The life insurance coverage provided by your esteemed company has given me peace of mind, knowing that my loved ones would be financially protected in the event of any unfortunate circumstances. The proposed cancellation of my policy was brought to my attention through a letter dated [cancellation letter date], which notified me that my premiums were past due. However, I have never received any prior billing or reminders indicating any outstanding payments or the risk of cancellation. I am shocked and surprised to learn about this, as I have always been diligent in maintaining my policy and ensuring its active status. Upon discovering the potential cancellation, I immediately contacted your customer service department, and they acknowledged the mistake in their billing process. According to their investigation, there was an error in recording my latest premium payment. Enclosed with this letter, please find a copy of the receipt confirming the timely payment made on [receipt/payment date]. I understand that mistakes can happen, and I am confident that your reputable company values its loyal customers. Therefore, I kindly request you to reconsider the cancellation and reinstate my life insurance policy as soon as possible. Restoring my policy to good standing would not only provide ongoing security for my family but also preserve the trust I have placed in [Insurance Company Name]. If necessary, I am more than willing to submit any additional documentation or information required to rectify this situation promptly. I urge you to look into this matter urgently and communicate the confirmation of the policy reinstatement in writing. I strongly believe that this issue can be resolved favorably to both parties involved. Furthermore, I appreciate your prompt attention to this matter and eagerly await your positive response. Thank you for your time and understanding. Yours sincerely, [Your Name]

How to fill out Mississippi Sample Letter For Pending Cancellation Of Life Insurance Policy?

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FAQ

I hold an insurance policy in your company. Respectfully, I would like to bring into your kind concern that my policy number is (Policy Number) and due to (Reason Financial problem/ Requirement of funds/any other), I request you to kindly cancel my policy.

Dear Sir/Madam, I would like to request you to reimburse me the medical expenses spent by me recently. I was admitted to a hospital for days for treatment of (Name of the Disease). I have been discharged.

TPA ID is (Company TPA ID If applicable). My permanent residential address is (Address). He/she is being admitted in (Hospital Name) on (admission date and time), having (Room type) due to the reason of (Reason for Hospitalization).

Dear Sir, Please accept this letter as a formal request for canceling my life insurance policy, (Policy number), with immediate effect. I request you to stop all charges and debits as well related to the payments. (Describe your actual problems and situations).

Include the dollar figure you are requesting from the insurance company. Mention any supporting documents that you have enclosed with the letter as evidence of your claim such as police reports of the incident, medical bills and documentation of lost wages from time off.

Open the main section of the letter with a salutation that includes the name of the insurance company's representative, followed by a colon. Then, skip one line. Write the purpose of your letter in the first paragraph. Use short, clear sentences, and get to the point as quickly as possible.

I hold an insurance policy in your company. Respectfully, I would like to bring into your kind concern that my policy number is (Policy Number) and due to (Reason Financial problem/ Requirement of funds/any other), I request you to kindly cancel my policy.

I the undersigned of Shri/Smt. here by inform you about the death of my. I request you to settle the death claim under his policy no. at the earliest in my favour being the nominee of the above no.

Sir, I am writing this letter to claim my health insurance as I am suffering from heart disease (Actual cause). Doctors at (Hospital name) have informed me about the surgery that I have to undergo next week which costs approximately (amount of money) including medicine charges.

Canceling your term policy couldn't be easier: just stop paying your premium and write a letter or call your insurer to let them know you are canceling the policy. Check the website of your insurer, too there may be a form there you can fill out to terminate your policy.

More info

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Mississippi Sample Letter for Pending Cancellation of Life Insurance Policy