I found i cannot afford it. All my savings will be gone. I am a senior citizen.
2006-08-22 02:10:16 · 7 answers · asked by chickswife1101 1 in Social Science ➔ Economics
CONSULT A ADVOCATE
2006-08-22 02:15:44 · answer #1 · answered by TOMMY 3 · 0⤊ 0⤋
I'm sorry to hear about your situation. Life insurance can be expensive and sometimes unaffordable.
The way to cancel your policy is stated in the terms and conditions of your life insurance policy.
Basically, you can stop paying the premium. Or, you can send the life insurance company written notice through the mail that you want to cancel your life insuranc epolicy and they should cancel it effective the date of your letter. That way you get the money pro-rated back that you have already paid for the policy.
I hope that helps and take care.
P.S. - You may want to take a look at quotes from Globe Life. They may be more affordable for you. You can request a quote here - http://www.term-life-online.com/globe-life-insurance.html
2006-08-22 20:31:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you merely stop paying the premiums, the insurance policy will be voided.
2006-08-22 09:16:01 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Stop paying. They will cancel it.
2006-08-22 09:16:40 · answer #4 · answered by jackie 6 · 0⤊ 0⤋
Trust me, it ain't worth living.
2006-08-22 09:30:53 · answer #5 · answered by Anonymous · 0⤊ 0⤋
stop paying premiums.
2006-08-22 09:17:46 · answer #6 · answered by Anonymous · 0⤊ 0⤋
pass away
2006-08-22 09:24:08 · answer #7 · answered by toughasmince 2 · 0⤊ 0⤋