![]() ![]() It is not easy to cancel a Whole Life Insurance policy by stopping premium payments. ![]() How to cancel your whole life insurance policy?Īs mentioned earlier, each policy type has different cancellation rules. Write a letter: The other way out is to write a letter to the insurer that you want to discontinue the term insurance.The insurance company provides a grace period during which one has to pay the premium, and if you fail to make the payment, your term insurance gets canceled. ![]()
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