How to cancel your life insurance policyCanceling a term life insurance policyThere are several ways to cancel a term life insurance policy.
Alternatives to life insurance cancelationcanceling your life insurance policy isn't ideal if you have dependents who rely on your income for financial support.
If you have a whole life insurance policy, look into reduced paid-up life insurance.
Life insurance settlementIf you don't have a terminal diagnosis and you want to sell your term life insurance policy, you can apply for a life insurance settlement with a third-party provider instead of canceling your policy.
Canceling life insurance FAQsWill I get any money back if I cancel my life insurance policy?
Persons:
Lucas Siegel, Siegel, wouldn't, policyholders, you've
Organizations:
Internal Revenue Service