All Life Insurance Tips

Is it possible and/or legalto buy Life Insurance on web without?

SIGNING an application? I was told I had done this by PEOPLES BENEFIT LIFE I after searching web for quotes and found they were drafting bank account.& will not returning money? All other quote inquires they had to send me app to sign.?? they said I pressed a "continue" button"

Public Comments

1. You might want to look into that. I've heard bad things about People's Benefit Life. If something doesn't seem right, pull out ASAP.
2. Write your state insurance commissioner and the federal trade commission, copy the insurance company on the letters. Keep it short, the insurance company has no case ! Almost every reputable insurance company has a "30 day free look" included in their policies, send it back for a refund for any reason you choose or no reason at all. Start badgering them for your free look at the policy ! The "application" includes your certain representations made, such as age, residence, etc. Question this ! By the way, this insurance company will not be looking forward to hearing from either FTC or state ins. commission, but just to speed it up a bit, start calling the state insurance comission about twice a week. Refer to "have you got my letter yet ?" FTC will take longer, but you should get some action out of the State Insurance Dept. in 90 days or less.
3. From what I understand it is possible for you to electronically sign an application online. I s the rate good, then I guess not reaaly a propblem. If bad, then might consider closing bank account. Policy will then lapse and cancel. Good idea though to keep the current coverage in place until you get replacement coverage. Who knows what could happen that might render you uninsurable. Once you get other coverage then cancel coverage you didn't want.
4. you might want to cancel that this days just clicking a continue button or a " button that means you accept the terms and policies regarding of manual signature. You might want to close that bank acct or if that is too much hassel you want to tell your banker to stop auto pay from that party that cost around $15 on a 6 months...
5. Dear firned! if u give the name of insurance company also it is easy and direct answer you can get . however as an financial advisor ,with 4 years exp , i know any one can cancel the policy with in fifteen days of reciving original policy bond by post to you, though u are bound as you understood and accepted all terms and conditions on proposal form. Second thing as u writen only money went to the company and now they are requesting to sign on proposel form,so do not sign on proposal form so that ur amount will be concider as proposal deposite . any proposal deposite can be taken back without single N.P Lost. (the above rules imply in india for 15 insurance companies both private and govt) if you want u can call me on 9440884300 if it is an india insurance company .
6. I agree with some of what "The Advocate" tells you, but I have these comments: 1) Some states, such as mine, require that a policy that is applied for electronically be followed up with an actual signature. This is to prevent fraud. Your state's insurance commissioner's office should be able to tell you whether there is a similar law if you call. 2) If you do file a complaint with your state insurance commissioner's office, please DO NOT call there every few days, as "Advocate" suggests. If they have your complaint, there is no polite reason why you should do this. You can fax your complaint, or send it certified mail if you're concerned about it getting there. Repeated phone calls will not put you on the best footing with the commissioner's investigative staff. 3) A 30-day "Free Look" period is not the standard among the states. Most states only permit either a 10 or 15 day free look for life insurance policies. 4) For "direct mail" business (i.e. conducted through the mail without the necessity of an agent), the "Free Look" period is usually measured 3 days from the date the insurer places the policy in the mail to you. SInce the policy was issued at least two months ago, judging by your comments, you cannot argue the "Free Look" position. Even if you didn't get the policy, it's the insurer's word against yours. Unfortunately, the insurer usually ends up winning. Some will refund if you've made a complaint through your insurance commissioner, though. 5) You didn't specify how many premiums have been withdrawn from your account. However, if it's been more than 2, you're going to have an uphill battle trying to argue you were unaware of the policy. 6) If you haven't done so already, send the company a letter cancelling the policy if you've decided you don't want it. I hope this helps.