How do I terminate my life insurance policy?

What I need to do to terminate my life insurance policy?


Answer

It is quite easy for you to terminate a life insurance policy. In most cases, you just need to send a letter to the insurer stating when you want to cancel the policy. You should include your name, address and phone number, as well as your policy number and the date you want to cancel.

Before cancelling, it is a good idea to have an insurance broker or agent review it with you. There might be good reasons to keep it in force.

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