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.
Well said.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.
May 24 2021, 01:31 PM

Quote
0.0157sec
0.77
6 queries
GZIP Disabled