Sample letter format to cancel the insurance policy. Insurance companies save the persons by providing a safe and secure future in shape of any financial threat. Many times it becomes very difficult to pay the installments of insurance of certain times as it falls in the way of financial depression of the entitles person. In such states cancellation of the policy is the best thing to do.
Sample Letter to Cancel the Insurance Policy
Lifelong Insurance Company,
London, United Kingdom.
Subject: Sample letter to cancel the insurance policy
It is to state with humility that I had signed an agreement with you three years back in shape of insurance policy. My policy number is LA-908734521 and the date of commencement was 31 st December, 2015. I had paid the premiums of $200 per year for $20000 at the maturity time that supposes to be fall in 2030.
When I took the policy I was sailing in the best financial flow and it was very easy for me to pay the above said meager amount per year or annually, but fate has its own unseen winds and routes that cast you into total oblivion when struck! The same scenario happened to me a week before as my company faced the worst of worst financial depression that made my heart sink. I am now in no position to continue with this policy and so I decided to cancel the insurance of my life and wanted you to kindly refund me the total amount as soon as possible.
With this request piece I had also attached the photo copies of paid receipts of installments as a token of proof. I am eager enough to hear a pleasant wave from your side at the earliest. Thanking you in anticipation.
Mr. Carton King,
3 rd May, 2017.