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 Changing my insurance agent

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JimbeamofNRT
post May 24 2021, 01:31 PM

the Original Lanji@_ Chicken Rice Shop Since 2002
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1,902 posts

Joined: Sep 2012

QUOTE(roystevenung @ May 24 2021, 12:11 PM)
It doesn't matter if the commission is still payable to the old agent.

More importantly as a customer, avoid cancelling your old policy just because the agent is no longer contactable or no longer able to service you. Everything restarts when you cancel and get a new policy, the Waiting Period (up to 2 years incontestability clause), the cash value allocation (restart from 60% from yr1), the agent commission restarts (from year 1~6).

Your insurance contract is with the insurance company, not with the agent.
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Well said.

 

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