Can A Life Insurance Policy Be Cancelled? 
Yes life insurance is a unilateral contract . You can cancel the policy at anytime for any reason . The insurance company is obligated and can not cancel the contract . The exceptions are for misrepresentation by you during the first two years or in the event of fraud . Before you cancel , you should explore alternatives with you agent or broker . The may be alternatives such as a policy change available . In addition there may be tax consequences if there is a policy gain . 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 . 