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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Note: Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. This insurance information is general in nature and the policy wordings always take precedence. Make sure you review the "please read" page.



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Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.

Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind.  Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.

Always speak with a licensed insurance representative about your specific situation.

This site is general in nature and there may be errors or ommissions

Please Read

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