How can Iwithdraw my consentfor a life insurance policy that I allowed someone totake outon me?

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How can Iwithdraw my consentfor a life insurance policy that I allowed someone totake outon me?

Asked on March 1, 2012 under Insurance Law, Alabama

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

If you allowed a person to have an insurable interest on your life and you now wish to revoke such consent, the way to do so is as follows:

1. send a certfied letter, return receipt requested to the person who took the life insurance policy out on you as well as to the insurance carrier expressly revoking your consent and request that the policy on your life be terminated immediately;

2. follow up with a call to a representative for the insurance company;

3. keep a copy of the letter for future use and reference.


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