How To Cancel Your Americo Financial Life & Annuity Life Insurance Policy [2024]

It is relatively easy to cancel your Americo Financial Life & Annuity insurance policy. You may need to call Americo Financial customer service, fill out some forms, or write a life insurance cancellation letter.

Unsatisfied with your Americo Financial life insurance quotes? Read more about how to cancel a life insurance policy below. But do you need new insurance? After all, how much life insurance do you need, anyway? The truth is, it’s always better to have a life insurance policy. 

Before you cancel your Americo Financial Life & Annuity insurance policy, enter your ZIP code above if to find a company that works for you.

How do I cancel my Americo Financial Life & Annuity insurance policy?

The process of canceling a life insurance policy will depend on the type of life insurance you have as well as the company’s procedures. You may have to make some phone calls, fill out forms, or write a life insurance cancellation letter.

You can use your Americo Financial Life & Annuity insurance company login to access your policy online.

The website may also include contact options and the forms you will need. The Americo Financial Life & Annuity insurance company phone number is (800) 231-0801. This is also the same phone number to reach Americo Financial’s customer service should you need any other insurance assistance.

When should I cancel my life insurance policy?

There are a few different instances in which it may be a good option to cancel your life insurance policies.

Life insurance is typically used to support your family after you pass away. Therefore, if your family has become self-sufficient (your kids and spouse are supporting themselves), you may be able to cancel your life insurance policy.

Life insurance is generally a small part of a diversified investment portfolio. If you’re able to protect your family with better investments, you may not need life insurance. As well, if the 

You should compare life insurance companies to make sure you’re getting the most affordable rates. You may want to consider switching companies if you can find better premiums. 

Can I get my money back if I cancel my life insurance?

Some states offer a free look period, which will allow you to cancel your life insurance policy for a full refund within the period.

If you have term life insurance, you may be able to cancel simply by not paying your premiums. However, you may also need to contact the company to make sure they stop charging you. Unless you’ve prepaid premiums, you will likely not receive a refund.

Permanent life insurance policies may be more difficult to cancel because of any cash value that has been built up over the life of the policy. You may receive the cash value in a lump sum payment less any fees or penalties after cancellation.

If you’re not happy with your Americo Financial life insurance rates or weren’t able to find affordable Americo Financial life insurance, compare them to other companies by entering your ZIP code into our free quote comparison tool below.

Case Studies: Cancelling Americo Financial Life & Annuity Insurance Policies

Case Study 1: Jane’s Online Cancellation

Jane had an Americo Financial Life & Annuity insurance policy that she wanted to cancel. She decided to explore the online cancellation option. She logged into her Americo Financial account, where she found the necessary forms and contact information.

Jane filled out the cancellation form and submitted it online. Within a few days, she received confirmation that her policy had been successfully canceled.

Case Study 2: Mark’s Phone Cancellation

Mark, another policyholder with Americo Financial Life & Annuity, preferred to cancel his insurance policy over the phone. He contacted Americo Financial’s customer service at (800) 231-0801 and spoke with a representative.

Mark explained his intention to cancel the policy, provided the necessary information, and followed the instructions given by the representative. After the call, Mark received confirmation of his policy cancellation.

Case Study 3: Sarah’s Cancellation Letter

Sarah decided to cancel her Americo Financial Life & Annuity insurance policy by writing a cancellation letter. She researched the required format and included all the necessary details such as her policy number, name, and contact information.

Sarah mailed the letter to Americo Financial’s designated address, as specified on their website. After a few weeks, she received a written confirmation of the policy cancellation.