Can a Life Insurance Policy Be Canceled Without Warning?

After paying into a life insurance policy for many years, it can be shocking to learn that the coverage has lapsed or been canceled. In this LawCall segment, the attorneys discuss how loans taken against a policy’s cash value can affect coverage and why the specific terms of the insurance contract are so important. They explain that issues involving unpaid interest, policy funding, and reinstatement rights often depend on the policy language. If you are facing a dispute with a life insurance company or have questions about your coverage, contact Perry & Young to discuss your options and protect your rights.