Why Cancel Whole Life Insurance? 
There are only a very few reasons why one may want to cancel a Whole Life policy . One reasonable reason is in the case of replacing a policy with a better one , such as a policy from a non-participating stock company to a Mutual company that pays dividends to policy holders . Another reason might be in the case where the insured has no beneficiary or desire to leave a legacy to anyone and needs the cash value of the policy now . 