How Do I Cancel My Whole Life Insurance? 
First step , make sure you have the necessary coverage in place to indemnify your beneficiaries , who are exposed to economic liabilities you have generated before canceling your policy . Assuming you have real reasons to cancel your coverage ; be advised that any gain in the whole life policy with be treated as an ordinary income tax event in the year that the policy is surrendered . You may also suffer a net premium loss , which is more than likely not recoverable . With all that covered you can contact the service desk of the carrier and they will send you the necessary surrender documents to process the policy termination . 