When Should You Drop Life Insurance? 
It is of course your right to cancel , your insurance when you want to . There are a number of factors you should consider as mentioned by the others including whether or not or not you need the coverage now or will in the future and any tax consequences from surrendering the policy . Discuss with your agent/broker before you take any action to be sure you are making an informed decision . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 