A life insurance policy is a wise investment, but also a financial commitment. Most are effective for 30 years or more. For your policy to remain in effect, you must continue paying your premiums, month after month. If the premium payments are putting a strain on your budget, you may be considering the option of canceling early, although people also cancel for other reasons. Our agency can review your life insurance policy and advise you of what to expect if you cancel.
People with life insurance may consider cancelling their policies for a variety of reasons, including:
If you have been paying your life insurance premiums but now want to cancel your policy early, you may be wondering whether any portion of your premiums will be refunded. The answer depends on the type of life insurance you have.
If you have a life insurance policy that you are considering canceling, it is important to know what will happen if you do.
If you have been paying your premiums for years, canceling a life insurance policy is a big step to take. Our friendly agency can provide you with information and advise you on the best course of action.