This is the sample letter refusing loan against insurance policy from insurance company to the client :
Your Name
Company Name
Street Address
City, ST ZIP Code
Date
Recipient Name
Title
Organization Name
Street Address
City, ST ZIP Code
Dear Recipient Name:
We regret to inform you that you are not yet eligible for a loan. We can consider loans to policy holders whose policies are at least 2 years old. You have been a policy holder for only 4 months. So it is impossible for us to grant you any loan. Thank you.
Sincerely,
Your Name
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