How To Cancel Your American National Life Insurance Policy [2024]

If you no longer want to keep paying for your American National Life Insurance policy or no longer need it, then you will need to cancel your policy. You can cancel your American National Life Insurance policy by contacting American National customer service online or by phone. 

Read on to learn the steps of canceling your policy and common reasons people choose to cancel, such as finding better prices at a different company through term life insurance quotes. 

How to Cancel Your American National Life Insurance Policy 

When it comes to canceling your policy, there are a few different ways you can choose to do so. We’ve outlined the options below. 

How to Cancel Online 

If you don’t like phone wait lines, you may choose to cancel your policy online by contacting American National customer service. The online options are: 

• Emailing American National at [email protected] 
• Chatting to customer service from your online account 

You will have to provide basic information to cancel your policy, such as your name, policy number, and reason for cancellation. This is because American National needs to be able to verify that you are the policyholder before canceling. 

How to Cancel by Phone 

If you would prefer speaking directly with a customer service representative rather than waiting to be emailed or messaged back, then a phone call is often the best way to cancel. You can reach American National at the following number: 

• American National Life Insurance Customer Service: (800) 899-6806

American National will answer this number Monday through Friday from 7 am to 6 pm Central Standard Time (CST). Depending on how busy the lines are, you may have to wait a little bit to speak to a representative. If you wish to start the cancellation process over the weekend, it may be better to email or chat with a representative online. 

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Canceling Term Versus Permanent Life Insurance 

There are a few things you should take into consideration when canceling a term life insurance policy versus a permanent life insurance policy. Term life insurance policies are often easier to cancel, as they are meant to end within a time span. In addition, because they don’t have cash values, you don’t have to worry about losing your assets. 

However, canceling a permanent life insurance policy can be a bit trickier because of the cash values involved. You may not receive the full value of your lump sum back due to cancellation fees, so make sure to read the fine print on your policy to see what fees American National charges for cancellation. 

When canceling either policy, however, it is important to ensure you receive confirmation of cancellation. Otherwise, it is possible your policy may not have been canceled, and you’ll continue to be charged for payments. 

Read more: How to Cancel a Whole Life Insurance Policy

Common Reasons for Canceling Life Insurance

When you cancel your American National policy, the representative will likely ask for the reason for cancellation. Some of the common reasons people may choose to cancel their life insurance policy are: 

• They can no longer afford payments
• They found a better life insurance policy
• They no longer want a life insurance policy

There are a few options if you can no longer afford your American National policy but still want life insurance. You can speak to an American National representative to see if there are ways to lower your rates. Some of the options they may provide include solutions such as decreasing your policy payout amount, switching to a different life insurance policy plan, or qualifying for discounts such as bundling discounts by switching your home insurance or auto insurance to American National. 

Suppose you are unable to reduce your rates at American National even after speaking to a representative. In that case, you may want to shop around and get quotes from other companies to see if you can get the same plan for a cheaper rate. If you are unable to reduce your rates at American National even after speaking to a representative, then you may want to shop around and get quotes from other companies to see if you can get the same plan for a cheaper rate. Another company may be able to provide you with better options so you can continue to carry a life insurance plan. 

The Final Word on Canceling American Life Insurance Policies 

Canceling your American Life insurance policy is fairly straightforward. You can reach out to a customer service representative online or call American National’s customer service line to speak directly with a representative. Keep in mind that if you are canceling a permanent life insurance policy, American National may take a cancellation fee out of your lump cash value sum. 

If you want to find an affordable life insurance policy, shopping around is the best way to do so. Use our free quote comparison tool to find the best life insurance rates from companies in your area.

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Case Studies: Canceling American National Life Insurance Policies

Case Study 1: John’s Financial Difficulties

John, a 35-year-old individual, recently faced severe financial difficulties due to unexpected circumstances. To alleviate his financial burden, he decided to cancel his American National life insurance policy. John reached out to American National’s customer service through their online platform.

After providing his policy details and reasons for cancellation, John successfully canceled his policy and received confirmation of the cancellation via email.

Case Study 2: Sarah’s Competitive Quote

Sarah, a 40-year-old working professional, wanted to explore other life insurance options that could offer better prices. Although she had been a loyal American National policyholder, Sarah decided to compare quotes from different insurance companies.

She used an online quote comparison tool to obtain multiple quotes and discovered a policy with similar coverage at a lower premium from another company. Sarah contacted American National’s customer service by phone to cancel her policy, as she preferred speaking directly with a representative.

She provided the necessary information and successfully canceled her policy.

Case Study 3: Mark’s Change in Life Circumstances

Mark, a 50-year-old retiree, experienced a significant change in his life circumstances. After carefully evaluating his financial situation, he concluded that he no longer needed life insurance coverage. Mark contacted American National’s customer service by phone, explaining his decision and requesting policy cancellation.

The representative guided him through the process and ensured he received proper confirmation of the cancellation.

Case Study 4: Lisa’s Policy Modification

Lisa, a 45-year-old policyholder, found herself facing financial challenges and struggling to afford her American National life insurance policy premiums. Concerned about losing coverage altogether, Lisa contacted American National’s customer service for assistance.

The representative offered various options to help her lower the premium amount, such as adjusting the policy payout, switching to a different plan, or qualifying for discounts. After exploring these alternatives, Lisa decided to modify her policy, resulting in more affordable premiums and continued life insurance coverage.

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