Given below is format of Draft Request Letter for Foreclosure of Insurance Policy and user can change it as per his requirements.
FORECLOSURE REQUEST LETTER
The Branch Head ______________________
Insurance Company Name and Address (include department or contact name, if known)
Re: Cancellation Policy
Dear Sir or Madam
We have an Insurance Policy against ………. and we Foreclose our Account so please allow this letter to constitute my formal demand for cancellation of the above-captioned policy. This cancellation will be effective as of ____ date. Please immediately return any unused premium to me at my address listed below. Please be advised that I no longer authorize your company to directly withdraw any future premiums from any of my accounts.
I would appreciate receiving written confirmation of this cancellation within 30 days. Please do not hesitate to contact me with any questions. I look forward to your prompt attention to this matter.
Very truly yours,