It is my understanding that if you do not pay an insurance premium then the policy lapses. Fingerhut keeps billing me for an insurance policy I got with Stonebride Life Insurance, and tacking on late fees. I have cancelled the policy with Stonebridge and Fingerhut tacked on a $14.90 late fee after I cancelled the policy. $14.90 late fee for a $54 bill!
I think this qualifies as harassment that Fingerhut is trying to force me to pay for something that is optional. I don't want it, I didn't pay for it, after the first missed premium payment the policy should have lapsed. They keep billing me and tacking on higher and higher late fees.
Has anyone ever had an insurance company continue to send bills, tack on late fees and demand payment on a lapsed policy?
They have called me and told me my account was overdue and I needed to make a payment right now. I told them it was an insurance policy and if I don't want it I don't have to pay for it. You can not force someone to pay for a life insurance policy they do not want. Plus Fingerhut is not an Insurance company and if I would have died they would not have paid out anything so why do they think I owe them anything?
They say they are sending it to a collections agency.
Isn't there something illegal going on here for them to insist I make payments on a life insurance policy? I thought it was if you pay you are covered, if you don't you are not covered and that's it.
