Life Insurance Policy Law?

Life Insurance Policy Law?

Hi, My father has had a life insurance policy for about 15 years. His insurer deducted the premium automatically from his bank account. However, my father just found out that earlier this year, he had a low balance on his bank account so his insurer couldn’t deduct the premium. Rather than informing him about it, the insurer quietly canceled the policy because they know he’s a high risk client now. If he wants to get it back the premium will be a lot higher now. Does he have any legal recourse? The insurer made no attempt whatsoever to bring this issue up. I’m sure if he was in his first year with the policy, they would have said something.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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Life Insurance Policy Law?

Hi, My father has had a life insurance policy for about 15 years. His insurer deducted the premium automatically from his bank account. However, my father just found out that earlier this year, he had a low balance on his bank account so his insurer couldn’t deduct the premium. Rather than informing him about it, the insurer quietly canceled the policy because they know he’s a high risk client now. If he wants to get it back the premium will be a lot higher now. Does he have any legal recourse? The insurer made no attempt whatsoever to bring this issue up. I’m sure if he was in his first year with the policy, they would have said something.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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Life Insurance Policy Law?

Hi, My father has had a life insurance policy for about 15 years. His insurer deducted the premium automatically from his bank account. However, my father just found out that earlier this year, he had a low balance on his bank account so his insurer couldn’t deduct the premium. Rather than informing him about it, the insurer quietly canceled the policy because they know he’s a high risk client now. If he wants to get it back the premium will be a lot higher now. Does he have any legal recourse? The insurer made no attempt whatsoever to bring this issue up. I’m sure if he was in his first year with the policy, they would have said something.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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Life Insurance Policy Law?

Hi, My father has had a life insurance policy for about 15 years. His insurer deducted the premium automatically from his bank account. However, my father just found out that earlier this year, he had a low balance on his bank account so his insurer couldn’t deduct the premium. Rather than informing him about it, the insurer quietly canceled the policy because they know he’s a high risk client now. If he wants to get it back the premium will be a lot higher now. Does he have any legal recourse? The insurer made no attempt whatsoever to bring this issue up. I’m sure if he was in his first year with the policy, they would have said something.


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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Life Insurance Policy Law?

Hi, My father has had a life insurance policy for about 15 years. His insurer deducted the premium automatically from his bank account. However, my father just found out that earlier this year, he had a low balance on his bank account so his insurer couldn’t deduct the premium. Rather than informing him about it, the insurer quietly canceled the policy because they know he’s a high risk client now. If he wants to get it back the premium will be a lot higher now. Does he have any legal recourse? The insurer made no attempt whatsoever to bring this issue up. I’m sure if he was in his first year with the policy, they would have said something.


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