Sentences with phrase «cancelled during the policy period»

The policy can be cancelled during the policy period as well.

Not exact matches

If the company finds you lied about a health condition or lifestyle, it can raise your premium, cancel your policy or deny a beneficiary's claim to the death benefit, particularly during the two year contestability period.

With Term Life insurance, you can be assured knowing that your term life insurance rate will never change, the coverage can not be decreased and the policy can not be canceled due to a change in health during the period of time you select.

If the insurer approves your application but then finds out about the misrepresentation during the contestability period — usually the first 2 years of the policy — it can cancel the policy and return the premiums you've paid (minus any fees).

The time period during the insurance company can cancel or rescind the policy, typically two years, if the application contained misrepresentation.

In the event you were to die and / or the company discovers the answers provided are not accurate during the contestibility period (typically 2 years from the start of the policy), the policy can be cancelled and any claim denied.

Currently, Florida car insurers have only a 30 - day «underwriting period» during which they can cancel such policies.

Free Look Period: A period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancPeriod: A period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancperiod of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it.

Sure, it adds a little time, but the contestability period for life insurance — the period during which the insurer can cancel your policy if they find any misrepresentations — is typically two years.

You can even cancel the policy or make changes to it during the free look period.

Free Look Period: A period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it with due rePeriod: A period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it with due reperiod of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it with due refunds.

A period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it with due refunds.

Most policies have a contestability period of two years, during which time the insurer can cancel the policy if it discovers that you've misrepresented something on your application.

The free look period is provided by the insurer during which the life insured can cancel the policy if he / she is dissatisfied with the policy's terms and conditions.

But if the life insurance company detects a misrepresentation in your application during the contestability period while you're still alive, it may still cancel the policy and return any premiums you've paid (minus any fees) or ask you to pay higher premiums.

Second of all, even if some details are initially missed, the insurance company may find out about it during the first two years of your policy, called the contestability period, and if it's determined that you deliberately misled them about your health, they can cancel your policy.

If an insurer finds evidence of misrepresentation during the the first two years of the policy — the period when an insurer can review and contest the policy terms — then it can cancel the policy and return the premiums you've paid.

During the review period, travelers also have the option to cancel their policies.

If the insurer approves your application but then finds out about the misrepresentation during the contestability period — usually the first 2 years of the policy — it can cancel the policy and return the premiums you've paid (minus any fees).

If you die during the contestability period and your misrepresentations come to light, then the life insurance company may cancel the policy, refuse to pay the death benefit, or subtract money from the death benefit based on the amount of premiums you should have paid.

And don't worry if you initially purchase the wrong policy — travel insurance plans come with a review period of 10 - 14 days and during that time, you can make changes to your plan and even cancel it (for a small fee).

You can cancel your travel insurance policy during the review period if you find out it won't provide the coverage you need.

On the other hand, if the insurance company cancels your policy, it is usually because you have not made your payments or you have had an unusual amount of claims during the policy period.

With a few exceptions, Maine law permits auto insurers to cancel your policy if you or other household operators have had a license suspension during the policy period or within 180 days its last renewal.

After an insurance policy is issued you have a certain period of time (usually up to 30 days) during which you can change your mind and cancel the policy for any reason whatsoever.

If your policy lapses or is canceled at any time during the mandatory SR22 filing period, three years in most states, your insurer is required by law to notify the DMV so your driving privileges can again be revoked or suspended.

While your policy may not be cancelled, if you file multiple claims or a large claim during your insurance coverage period, the insurance company may choose not to renew your policy once it has expired.

If you ever do cancel a life insurance policy outside of the free look period, you just won't receive the money back that you have paid in (you were protected during the time you had the policy).

If you recently applied, you have a «30 Day Free Look» period during which time you can cancel your policy and get a complete refund of any monies paid.

Others allow insurers to cancel policies for any reason during a certain time period, such as 60 days from the policy inception date.

Don't try to cover up these hobbies, as your insurer could find out about them during the contestability period and cancel your policy or, worse yet, refuse to pay out in the event of your death due to a dangerous hobby.

At any time during this period, if the policy is cancelled, transferred to a different insurance company or otherwise disrupted, the license could be suspended again, which could also include more penalty and filing fees as well as set the clock for another three to five years to have the certificate in place.

Whether you're buying universal life insurance, variable life insurance, or another type of life insurance, under the laws of your state, you may have a «free look» period during which you may cancel the policy without penalty.

On the upside, guaranteed issue policies are whole life insurance and guaranteed to pay as long as the periodic premium is paid (only for accidental death during the waiting period), the premium will remain the same throughout the life of the policy, and the insurer can not cancel as long as the periodic premium is paid.

If you're unsatisfied with your policy, you have a 15 day free look period during which you can cancel your policy simply by stating your reason.

If they discover your lie during the 2 year contestability period, they might choose to cancel the policy, if they don't offer policies to smokers.

If you cancel the policy during the grace period, you shall receive the refund of the premiums paid.

It is also feasible to cancel the senior citizen insurance policy during the freelook period, i.e., 15 days from receiving the policy kit for the first time when you buy the policy.

If the company finds you lied about a health condition or lifestyle, it can raise your premium, cancel your policy or deny a beneficiary's claim to the death benefit, particularly during the two year contestability period.

If the policy is cancelled during this period, the policyholder will get the fund value and the total unallocated premiums, after deducting the proportionate risk charges.

During this period the policyholder can cancel the policy if he / she is not satisfied with the coverage provided by the policy.

Most insurance companies provide a free look - in period of 15 days, during which time, the policyholder can carefully go through the policy documents to alter or cancel the policy if the policy isn't in line with their expectations or understanding.

During this period, the insured person is allowed to review the policy thoroughly and if they are dissatisfied with the coverage or any other terms and conditions of the policy, then the insured person can cancel the policy and can get the refund.

A 15 days free look period is offered to the insured from the date of policy issued during which he / she cancel the policy if they are dissatisfied with the coverage of the policy.

Free Look Period: The policy provides a free look period of 15 days from the date of policy issued during which the insured can cancel the policy if he / she is not satisfied with the coverage, terms and conditions of the pPeriod: The policy provides a free look period of 15 days from the date of policy issued during which the insured can cancel the policy if he / she is not satisfied with the coverage, terms and conditions of the pperiod of 15 days from the date of policy issued during which the insured can cancel the policy if he / she is not satisfied with the coverage, terms and conditions of the policy.

You can cancel your policy during the Freelook period of 15 days from receiving your policy kit.

If the policyholder is not pleased with the terms and conditions and wishes to discontinue the policy, he or she can cancel the plan during this period.

Free Look Period: If the insured has not made any claim then he / she can cancel the policy within the free look period of 15 days.The free look period is provided by the insurer during which the life insured can cancel the policy if he / she is dissatisfied with the policy's terms and condiPeriod: If the insured has not made any claim then he / she can cancel the policy within the free look period of 15 days.The free look period is provided by the insurer during which the life insured can cancel the policy if he / she is dissatisfied with the policy's terms and condiperiod of 15 days.The free look period is provided by the insurer during which the life insured can cancel the policy if he / she is dissatisfied with the policy's terms and condiperiod is provided by the insurer during which the life insured can cancel the policy if he / she is dissatisfied with the policy's terms and conditions.

In case if they issue the policy bond, you can cancel it during the free - look period and apply for it again.

If the policyholder cancels the policy during the free - look period, he will receive the refund of the premiums paid.