Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Is it really as simple as paying premiums? It is when an insurance company has grounds to believe a life insurance policy should be cancelled and continues to collect premiums. Consider this common real life scenario. Several months after issuance of a life insurance policy, the issuing company sends a letter to the insured advising him that it has grounds to believe that the insured provided false or misleading information in the underwriting process, and the company informs the insured it has a right to cancel his policy. The investigator asks for additional detailed information concerning the insured’s medical or financial history. The collection and review of the additional information take several months. In an optimum setting for the insured, he continues to make monthly premium payments, and the life insurer continues to negotiate the insured’s checks.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at customercare@alm.com


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.