If you decide that your life insurance policy is no longer necessary, you can easily cancel your coverage and avoid any future premium payments. If your life insurance contract is a permanent policy, and is beyond the surrender period, any cash value accumulated in the policy will be sent to you after termination.
Things You'll Need
- Original life insurance contract
- Policy number
Contact the life insurance agent who sold you the policy. If that agent is no longer available, contact the insurance company’s Customer Service Department instead.
Request the life insurance surrender/termination documents.
Complete the forms and return to the insurance company via postal mail or fax.
Destroy or return your original life insurance contract, depending on the insurance company’s procedures.