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Home / Opinion Digests / Insurance – Life Insurance – Cancellation Date (access required)

Insurance – Life Insurance – Cancellation Date (access required)

In a life insurance policy with no cancellation clause, the insurance company’s letter “accepting” the policyholder’s “offer” to cancel the policy, came one day after the policyholder’s death, and because there was no mutual consent as to cancellation before the policyholder’s death, an Alexandria U.S. District Court says the beneficiaries get the $500,000 life insurance ...

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