Witryna3 mar 2024 · For permanent life insurance policies, it’s best to speak with your insurer or a licensed agent about surrender options, since you could face cancellation fees. In some cases, if you find you no longer have a need for coverage — like dependents or debts — it might make sense for you to cancel your policy. WitrynaSurrender the policy This means functionally canceling your policy. If you do this, your life insurance coverage will end. You’ll generally receive most or all of the cash value …
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