Can You Cancel A Whole Life Insurance Policy? 
Well , yes , you can . Speak to your insurance professional about the pros and cons of cancelling before you decide , however . Keep in mind that depending on the contract , if by surrendering the policy you receive any cash proceeds that may have built up in the policy while it was in force , this could trigger a taxable event . That is why it is a good idea to speak with your professional agent and weigh you options carefully before choosing the course that best suits your needs . 