How To Write A Letter To Cancel Life Insurance? 
That is a great question ! Just a couple of quick things first - you do realize that cancelling it means that there will be no protection , should the insured pass ? Please make sure that you have an in-force policy in place before cancelling this one . If it is a question of money , you might consider borrowing from the policy , if it has a cash value , and all you need is something to get you over a hump ; or reducing the face amount to lower the monthly premium . Both of these options will allow you to keep the policy , while helping your cash flow . Now , if you are sure that you want to cancel the policy , you will first want to contact your agent and find out if there is a cash value , if so , how much it is , and if there is a surrender fee . -LRB- if you just cancel , they may not be inclined to give you that money -RRB- If you have a whole life policy , and have had it for awhile , it can be a good amount . If there is one , then write the company , and tell them that you would like to surrender policy number xxxxxxxx , effective as of xxxxxxxx . You must be the owner of the policy to do this . If it is just a term policy , or a policy with no cash value , you can save yourself the stamp , contact the bank and cancel the monthly draft by the insurance company , and let it lapse , after a 30-60 day period , it will end on its own . If you need help , contact me , okay , I 'd be happy to help . Thanks for asking ! 