Tag Archives: canceling a life insurance policy

Red piggy bank

Can You Cancel a Life Insurance Policy at Any Time?

There are plenty of reasons why you might no longer want or need a life insurance policy. Maybe you no longer have any dependents to worry about, or maybe you can’t afford to keep paying the premiums. Or, maybe you

How Much Will I Receive If I Surrender My Life Insurance Policy?

At some point, you might consider surrendering or selling your life insurance policy that you no longer need or want. But what does surrendering a policy mean, and how do you sell one?  When a life insurance policy is surrendered,

Group of old men sitting at a table

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

Grandmother and granddaughter sitting on a bench

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

Elderly couple working in greenhouse

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 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

Man looking at his life insurance plan

How Do You Get Out of a Life Insurance Policy?

When you take out a life insurance policy, it’s often for a good reason. After all, ensuring your loved ones have financial stability in the event of your death is perhaps one of the most critical things you can do