If you have decided you want to cancel a life insurance policy you will need to write a Life Insurance Cancellation Letter and send it through the mail to your policyholder. You will need to write a letter instead of calling the life insurance company so that you have written proof that you requested to terminate the policy.
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A printable Life Insurance Cancellation Letter template can be found through the link below.
To begin writing a Life Insurance Policy Cancellation Letter, you will start with the date you are sending the letter and address it to the company or policy representative (if you had one). A Life Insurance Cancellation Letter can be written at any point during the life of a policy and there are no restrictions on when an individual can cancel their plan.
You will then want to have a line starting with "Attention" or "Notice" followed by your policy or account number and a sentence in bold stating all charges to the number listed are to stop and end the sentence with the same date at the top of the letter.
If there are any charges that will be due before the letter is sent, be sure to include a mention that that payment will be your final payment. Should your policy include any sort of cash refund, be sure to state so in your letter and in the amount you are expecting to be paid. Normally, an insurance company will refund you the amount in the form of a check after receiving the letter.
You will want to keep this letter short and to the point so that there is no ambiguity of what you want to do with your policy and when you expect it to be canceled.
Once you have written your notice, you should then close with a salutation and your name. Leave space between the salutation and your printed name for your signature and be sure to sign the statement before mailing the letter. It is advised that you also make a copy for your own records of the letter in case you need to dispute the cancellation date with your company.
If you wish, you can also send the letter through certified mail to ensure that it was delivered to the correct address.
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