The Life Settlement Blog

Man reading life insurance plan

Is There a Penalty for Canceling Whole Life Insurance?

While whole life insurance may have served you well, the moment can come to pass where you no longer need (or want) a life insurance policy. Maybe paying the monthly premium has become too much, or maybe you’d rather use

Man signing life insurance paperwork

Life Insurance Policy Cancellation Rules

Life insurance can create a financial safety net for those who have recently bought a house, are married, or have children. In fact, 68% of those with life insurance feel financially secure. However, as you get older and your life

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Should I Surrender My Insurance Policy?

Should I cancel my life insurance? The answer to this question depends on many factors including your overall financial stability, the number of dependents you have, your specific retirement goals, and so much more. But, if the stars align, canceling

Older couple looking out the window

At What Age Should You Stop Having Life Insurance?

Canceling a life insurance policy may seem counterintuitive. After all, you spent years paying into it, so why stop before getting a return on your investment?  Chances are if you’re asking yourself “Should I cancel my life insurance?” then you’ve

Woman celebrating her canceled life insurance policy

Why Would Someone Cancel their Life Insurance?

Canceling a life insurance policy is an important financial decision, but the motivations to pursue cancellation differ depending on your current situation and goals. The two most common reasons to cancel life insurance policy are: The policyholder no longer needs

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Should I Cancel My Life Insurance?

Canceling a life insurance policy is not always the best or most lucrative option for those who feel they no longer need the coverage. To be proper stewards of our finances, we must consider the most efficient use of our

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Do I Get Money Back If I Cancel My Life Insurance?

If you’re thinking about surrendering or canceling a life insurance policy, it might feel like you’re in uncharted territory—and you probably have plenty of questions. This blog is meant to help answer them! Let’s get right to it. What Is

Man canceling his life insurance over the phone

What Is the Best Way to Cancel an Insurance Policy?

Canceling a life insurance policy can be a smart decision if your coverage no longer works for you. Whether your reasons for canceling an insurance policy are because of large premium payments or if you’d like to have financial security

Man sitting on park bench

Is It Smart To Cancel a Life Insurance Policy?

If you’re thinking about canceling a life insurance policy, you’re not alone. After all, who wouldn’t benefit from eliminating costly monthly premiums? Surrendering your policy or letting the policy lapse can seem like a quick fix, but these choices leave

two old people staring out at the sunset

Do You Lose Money if You Cancel a Life Insurance Policy?

You may have any number of reasons for wondering “Should I cancel my life insurance?” Maybe: The premiums are too costly to maintain You’d rather put the money towards a retirement plan You simply don’t want or need the policy