 |
|
 |
 |
|
|
Forum
-> Household Management
-> Finances
|
amother
OP
|
 Sun, Sep 15 2019, 12:34 am
|
Yikes what do I do now? I thought I made a payment. Been on time the last bunch of years. Just made the payment online. It’s john Hancock if that matters. Termination date was 9/11/19. Now what? Don’t know what to do!!
| |
|
| Back to top |
 2
 0
|
|
amother
Azure
|
Sun, Sep 15 2019, 12:37 am
| amother [ OP ] wrote: | | Yikes what do I do now? I thought I made a payment. Been on time the last bunch of years. Just made the payment online. It’s john Hancock if that matters. Termination date was 9/11/19. Now what? Don’t know what to do!! |
Call your agent.
| |
|
| Back to top |
0
2
|
|
amother
OP
|
Sun, Sep 15 2019, 12:40 am
| amother [ Azure ] wrote: | | Call your agent. |
I’ll call him Monday morning when he reopens. Will I be able to reinstate?
| |
|
| Back to top |
0
0
|
JoyInTheMorning
|
Sun, Sep 15 2019, 1:07 am
| amother [ OP ] wrote: | | I’ll call him Monday morning when he reopens. Will I be able to reinstate? |
It usually expires after a one-month grace period. It once happened to me. I called my life insurance agent; he scolded me, but he let me reinstate. Possibly that is because I had not only a term policy, but also a whole-life policy, which is much more lucrative to the agent. (And by the way, yes, I would have been much better off investing the money in stocks or bonds or a college fund than in a whole-life policy. Do not do what I did.)
If you are not allowed to reinstate, you can probably repurchase. It may be at higher rates due to your age, but it is not like you are out of options.
| |
|
| Back to top |
0
0
|
|
amother
Vermilion
|
Sun, Sep 15 2019, 1:10 am
| JoyInTheMorning wrote: | It usually expires after a one-month grace period. It once happened to me. I called my life insurance agent; he scolded me, but he let me reinstate. Possibly that is because I had not only a term policy, but also a whole-life policy, which is much more lucrative to the agent. (And by the way, yes, I would have been much better off investing the money in stocks or bonds or a college fund than in a whole-life policy. Do not do what I did.)
If you are not allowed to reinstate, you can probably repurchase. It may be at higher rates due to your age, but it is not like you are out of options. |
I'm with mass mutual, and there is an automatic grace period for 30 days. Hope you have the same.
Good Luck!
| |
|
| Back to top |
0
0
|
|
amother
OP
|
Sun, Sep 15 2019, 1:29 am
| amother [ Vermilion ] wrote: | I'm with mass mutual, and there is an automatic grace period for 30 days. Hope you have the same.
Good Luck! |
30 days from lapse?
| |
|
| Back to top |
0
0
|
JoyInTheMorning
|
Sun, Sep 15 2019, 1:41 am
| amother [ OP ] wrote: | | 30 days from lapse? |
No, thirty days from the time the premium is due. I am assuming your premium was due August 11 or 12?
| |
|
| Back to top |
0
0
|
|
amother
OP
|
Sun, Sep 15 2019, 1:45 am
| JoyInTheMorning wrote: | | No, thirty days from the time the premium is due. I am assuming your premium was due August 11 or 12? |
Yes  I’m so upset
| |
|
| Back to top |
0
0
|
|
amother
Khaki
|
Sun, Sep 15 2019, 1:47 am
|
We had that once. They made us fill out paperwork but at the end they reinstated us.
| |
|
| Back to top |
0
0
|
| Related Topics |
Replies |
Last Post |
|
|
Which car insurance do you have? How much do u pay monthly?
|
5 |
Wed, Apr 10 2024, 4:57 pm  |
|
|
Insurance help!! URGENT
|
1 |
Tue, Apr 02 2024, 9:35 pm |
|
|
Living life with 36k annually
|
63 |
Mon, Apr 01 2024, 2:06 pm |
|
|
How much do you pay for home Insurance Brooklyn?
|
4 |
Sun, Mar 31 2024, 2:14 pm |
|
|
Emergency! Car insurance
|
17 |
Thu, Mar 28 2024, 1:42 pm |
|
|
Imamother may earn commission when you use our links to make a purchase.
© 2024 Imamother.com - All rights reserved
|  |
 |
|
 |
|
|
