SpruceBruce
Expert
- 53
I previously sold simplified issue policies in the mortgage protection market. Not doing that now. Looks like nearly all of my term clients would benefit by me replacing the policies with fully underwritten ones with a different carrier. My only concern is the reaction I may endure with the current carriers- 2 of them. I suspect in a short time they would cancel my contract for cause. This of course looks bad when you apply for any new contracts and could be a problem in the future. My logic tells me to write them and request that my contract be terminated, before they do it. We are talking about 60-90 replacements with 2 carriers. If I self terminate before they do, can they still contact the Dept of insurance in my my state and report they are terminating with cause. I have no experience in this are, looking for guidance..