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Alliance Insurance Services

5440 Ward Rd. Ste. 215
Arvada,Colorado 80002

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Reasons your life insurance policy may be cancelled

Many people are uncomfortable discussing life insurance. It’s almost like it’s bad luck. But what would be bad luck would be to leave your family without the protection that a life insurance policy can provide. Getting the amount right is challenging, balancing affordability with your future need. At Alliance Insurance Services in Arvada, CO, we understand how trying it can be to ensure that you are getting the amount right. More importantly, the policy needs to be and stay in force. 

Non-payment

The most common reason for a life insurance policy to be canceled is non-payment. It is vital that you try not to let this happen. If the premium is more than you can afford, it may be worth your while to have a good talk with your insurance agent and see if there are other products out there that can provide you with the protection you need at a more reasonable price. If you have special circumstances, it is always a good idea to give the insurance carrier a call and see what your options are. 

Usually, there will be some grace period that will allow you to make up a missed payment if it was just an oversight. It is always a good idea to have insurance premiums on auto-pay to avoid this sort of situation. 

Being untruthful in your application

When you apply for a life insurance policy, you will be asked many questions, many of them related to your health and your activities. It is always a good idea to be completely truthful. It may cost you a bit more on your premium, but if your untruthfulness is discovered, the policy will not pay out if something happens, and your policy will be canceled. 

Contact Alliance Insurance Services in Arvada, CO when you need to sit down and discuss your life insurance requirements.

 

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Company Overview

Alliance Insurance Services founded in 1992 has a long standing relationship with both customers and community. Since our start, Alliance Insurance Services has been headquartered at 5440 Ward Rd. in Arvada, Colorado. We also have locations throughout Metro Denver as well as Northern Colorado. Alliance Insurance Services is a proud long time supporter of the Children's Miracle Network, the Better Business Bureau, and the Professional Independent Insurance Agents of Colorado.

Mission Statement

Alliance Insurance Services is dedicated to a lasting relationship with our clients and community through superior service and value. We provide security with quality products and innovative technology. Our team has created an environment that instills trust with those we come in contact with.

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