Life Insurance Premiums
Can I get a refund of 7 years of assessments of a life insurance policy with a rider Total Disability?
I need to know if I can get reimbursement of premiums paid. Politics and I knew there was not a waiver of premium rider, due to total disability. The insured has been fully disabled due to a stroke since 2001 and has been on social security disability since .. Please help time because I think the American general is trying giving me the runaround. This is a life insurance policy
An application for the disability exemption must be filed within a specified period. (As soon as possible after diagnosis) Review its policy provisions for your particular case. Disability must be diagnosed before age 60, and usually ends on the policy anniversary at age 60. Check your policy provisions. Usually, the DWP (Disability waiver of premium) has a 6 month waiting period. Some policies have a period of 3 months of waiting. The insurance company requires that if the insured becomes totally disabled, he or she must notify the company in writing as soon as possible after diagnosis of disability. The company usually accept returns for updating the claim payments to policyholders, but not more than 12 months. Never mind that politics is the end, the DWP is the same. In the policy declarations page, show the policy benefits, including the waiver of premium benefit. Politics is more than likely be explained by the agent when he gave politics to you, unless you bought it online. If the policy was purchased online, this is the reason why I always recommend a local agent. Sometimes people forget what was said about politics. That's why it's good to have a policy review at least once a year, for the agent to go on the benefits of the policy, and consult with the insured to see if changes have occurred in life, which would increase or decrease the need for insurance to be more or less. Hope this helps. The Best wishes, and God bless
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