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We all know that life insurance is a product of the service type … but it does not end there when you pay for it like buying other services.
Because this is actually a contract between the insured and the insurance company.
Once you sign this Agreement, you agree to the terms and conditions of this Agreement.
But is it really?
Have you read its terms, at least?
It is true that many policyholders do not even know what the terms are.
In addition, contract law provides you with the right to opt out of the relevant contract if you breach the terms.
Because, like all other agreements, this law applies to the covenant itself.
Suppose you have purchased your life insurance for 20 years. If you pay 20 years premiums for this insurance, and you have stopped paying it, you have actually committed a breach of the contract. The company has been contracted to pay you in some other cases. But if you break the contract terms, the company can Wait.
Therefore, if you are buying an insurance policy, please read the insurance policy. If you cannot read it, ask the relevant insurance agent to read it and understand it (if you do not understand it).
Or you can contact the manager of a branch of the company to understand the deed … or contact the head office of the relevant insurance company (the phone number, email address and fax number of your insurance policy is recorded).