...
No, but that's because the very day I get an NSF notice, I'm at their door, on the phone, texting, etc. to save the case. If I'm unsuccessful, and it lapses anyway, I'll talk to them about reinstating. One of my companies (LBL) will allow a one time "reinstate by redate" (with stipulations), where the client can reinstate their policy by paying one month's premium and completing a reinstatement form. Then the company moves the policy issue date forward by the number of month's between the lapse and the reinstatement. This is very helpful for first year persistency!Bringing this conversation back around to insurance and cancellations (with 2 ll's says the worlds worst speller)
Has anyone experimented wit their own cancellation letter as a way to reach out to policy holders that have allowed their policies to laps?
Reinstatement form has some health questions. Minimal, though. They just want to make sure the person isn't reinstating cuz they just got bad news from the doctor.
Contracted 2011. I've been pretty active with them since 2013. They're one of my primary carriers, although I use them more for home service than FE. But the RXR is available for the FE side of the house, too.
Reinstate by redate R X R
