Posts by driftingcobra57

Richard Wright said:That is a total non-starter. It’s a weak excuse. If they can find ways to "guarantee" you’ll pay their own internal policy, they can damn well do the same for yours. Set up an autopay or use any other standard method—it’s industry standard.

Be aggressively persistent. Don't take "no" for an answer and they'll eventually cave.

I actually did exactly what you suggested—asked about autopay and all that.
Even though my annual premium is way less than what a monthly installment would even be, so there isn't really any risk of me skipping a payment 🙂

They rejected me again. Now they're claiming the policy doesn't meet the requirements, even though my agent literally called my personal banker at Bank of America and worked everything out regarding the specific terms the policy needs to have.

I'm seriously thinking about hiring a lawyer.

So, I’ve got a mortgage through JPMorgan Chase. I went to them asking to swap out my life insurance policy—you know, the one currently tied to the loan—for a new one. I even followed their specific guidelines to a T, making sure the coverage amount and the term length matched exactly what they required. I handed over the new policy from a different provider, thinking it was a done deal.

But nope. They shot me down. Their big excuse? They claim they "can't be certain" that I'll actually keep paying the premiums.

Has anyone else dealt with this kind of nonsense, or does anyone have some actual advice on how to handle them?