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Cancellation of Insurance Policy

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1 Cancellation of Insurance Policy on Wed Oct 13, 2010 6:57 pm


Arresto Menor
I was lured into getting a life insurance policy last Sunday (10/10/2010). I tried to cancel it the next day but they told me to avail of the 15-day free look period. I came back again yesterday and I made my final decision to cancel the policy. I gave the CSA a cancellation letter. He received it and wrote a note saying that the processing of the chargeback would take 30-45 days. He also gave me a copy of my Statement of Account with the status: Cancelled from Inception. Would that be a 100% guarantee that I can get my money back? Thank you!

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2 Re: Cancellation of Insurance Policy on Wed Oct 13, 2010 7:55 pm


i believe so, if it says from inception. that would mean the insurance company never took any risk over you.

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3 Re: Cancellation of Insurance Policy on Wed Oct 13, 2010 7:58 pm


Arresto Menor
I see. Thank you so much for the reply! Very Happy

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