QUESTION
Is there a way I can cancel my life insurance policy without my financial advisor
Asked on Jul 01st, 2020 on Insurance - Colorado
More details to this question:
I bought a life insurance policy in colorado on April 30th. After purchasing, I decided that I did not want the policy. I tried to contact the company to cancel. THey did say that I have 90 days to cancel, however, they said I need to go through my financial advisor. However, he doesn't respond to my emails or follow through. It is getting to the 90 day point. I'm getting nervous. Is there something I can do in case my financial advisor doesn't comply?
1 ANSWER
Personal Injury Attorney serving Colorado Springs, CO
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Jeffrey Scott Lasswell, PC
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Not my specialty per se (I do more auto ins.). But my thought is to write the life ins. co and copy your financial advisor stating you are cancelling the policy. Fax it so you have the confirmation page. I would also review your policy for any cancellation clauses and comply with those. Finally, I imagine that if you stop paying premiums, they will cancel you as fast as possible. Hope that helps.
Answered on Jul 02nd, 2020 at 1:57 PM