How To Cancel A Life Insurance Policy? 
The only reason you should consider canceling a life insurance policy is the coverage for your family , business partners or charities no longer are exposed to economic loss if you were to die . If you have no one that would suffer financially at your demise and you dont need nor desire to make a difference with your children , grandchildren or charities , the send a certified letter terminating or surrendering your policy to the life insurance company . Be advised that you are surrendering cover and with permanent polices you may also have a taxable event . 