Comments on: Cancelling John Hancock Life Insurance, Resolved

By: LIC

LIC — Thu, 31 Jan 2008 09:08:48 +0000

Jay is right, you should sent your letters to the insurance company are always sent by certified mail. I think, it is really sad, that all insurance companies are working this way.

By: nickel

nickel — Thu, 15 Jun 2006 11:55:06 +0000

Actually, it seems that most (all?) insurers simply cancel your policy if you fail to pay, as opposed to reporting you to a credit bureau and, eventually, turning you over to collections.

By: xxx

xxx — Thu, 15 Jun 2006 11:03:45 +0000

Which companies report missed premiums to the credit agencies? I have never heard of this

By: Jay Fleischman

Jay Fleischman — Wed, 18 Jan 2006 20:46:12 +0000

Make sure your letters requesting cancelling are sent by certified mail. If not, there’s a chance the insurance company will deny receipt of the request to cancel; if so, they will charge you for the unpaid period. This would amount to a mere annoyance but for the fact that many insurance companies report past due accounts to the major credit reporting agencies.