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Public Employees Group Life Insurance Planned EnrolmentChange of NametoCancellation of Optional Coverage ApplicationReturn this form Human Resource Service CentreEnrolment Form The Designation of
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How to fill out cancellation of optional coverage

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How to fill out cancellation of optional coverage

01
To fill out cancellation of optional coverage, follow these steps:
02
Gather all the necessary documents related to your insurance policy.
03
Locate the cancellation form provided by your insurance provider.
04
Fill out the form with your personal details, policy information, and the specific coverage you wish to cancel.
05
Double-check the accuracy of the information provided before submitting the form.
06
Submit the completed cancellation form to your insurance provider through the preferred method (email, fax, mail, etc.).
07
Keep a copy of the submitted form for your records.
08
Follow up with your insurance provider to ensure that the optional coverage cancellation is processed correctly.
09
If required, make necessary arrangements for any refunds or adjustments to your premium payments.

Who needs cancellation of optional coverage?

01
Cancellation of optional coverage may be needed by individuals who:
02
- No longer require a specific type of coverage included in their insurance policy.
03
- Have found a better alternative for the optional coverage elsewhere.
04
- Want to reduce the overall cost of their insurance policy by eliminating certain optional coverages.
05
- Are faced with financial constraints and need to cut down on insurance expenses.
06
- Are switching insurance providers and want to cancel certain optional coverages offered by their current provider.
07
- Have undergone a change in circumstances that renders the optional coverage unnecessary.
08
- Have adequately insured themselves through other means and find the optional coverage redundant.
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Cancellation of optional coverage is the process of ending additional coverage or benefits added to an insurance policy.
The policyholder or the insured individual is required to file the cancellation of optional coverage.
To fill out cancellation of optional coverage, the policyholder will need to contact their insurance provider and follow their specific procedures for cancelling optional coverage.
The purpose of cancellation of optional coverage is to remove extra coverage or benefits from an insurance policy that are no longer needed or wanted by the policyholder.
The policyholder must report their personal information, policy number, details of the optional coverage being cancelled, and the effective date of cancellation.
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