Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Jul 15, 2021

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The Brief

  • You can cancel your American-Amicable life insurance at any time
  • Depending on the type of policy you have and where you live, you might have to pay fees if you cancel
  • Consider changing the type of policy you have or lowering your coverage to get lower rates

While there are many reasons you may need to know how to cancel American-Amicable life insurance, the good news is that the process is pretty easy.

We will walk you through the steps on how to cancel American-Amicable life insurance company coverage and even help you shop for new coverage.

Before you cancel, read our American-Amicable life insurance review to learn more about the company. American-Amicable rating information, as well as rates and products, are covered in detail.

Keep reading to learn how to cancel American-Amicable life insurance. Enter your ZIP code now to compare life insurance quotes from multiple companies near you for free.

What are the 5 steps to cancel American-Amicable life insurance?

There are many reasons that you might want to cancel your American-Amicable life insurance. Whether you have found cheaper coverage elsewhere or just don’t want life insurance at all, you can cancel at any time for any reason.

Although there are some differences between term and whole life insurance, these are the general steps you should follow to cancel American-Amicable insurance:

  • Step 1 – Call your agent or speak with customer service. The American-Amicable phone number is (800) 736-7311.
  • Step 2 – Give them your personal details and policy number.
  • Step 3 – Explain that you are canceling your life insurance. The agent may be able to offer you alternatives to lower your rates if that is why you are canceling.
  • Step 4 – Ask for written confirmation of your cancellation. You may need to send in a policy cancellation request.
  • Step 5 – Follow up with your company. Make sure your cancellation is complete and that you have received any refund you might be due.

The American-Amicable cancellation process is fairly simple. However, keep in mind that fees and penalties may be assessed.

Life insurance is very important for you and your family. If you choose to cancel your American-Amicable coverage, shop around to find the coverage and rates that work best for you.

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What should you consider before canceling American-Amicable life insurance?

American-Amicable allows you to cancel your policy at any time, but there might be penalties that go along with that. American-Amicable products include term and permanent life insurance.

Canceling American-Amicable term life insurance is pretty simple. Term life insurance is the cheapest and has no cash value. You can either cancel your life insurance or just stop making payments and allow it to lapse.

If you’ve paid your term life insurance in advance and then cancel, you may receive a refund. However, you may also be charged fees for canceling depending on where you live.

Canceling whole or universal life insurance can be more difficult. Unlike term life insurance, whole and universal life have a cash value. You can receive the cash value of the policy when you cancel, minus any fees.

Surrender fees can be charged when you cancel your whole or universal life coverage, according to the Insurance Information Institute. Generally, the longer you have your policy, the lower your fees.

If you have enough cash value in your whole or universal life policy, you can stop making payments, and American-Amicable will use that cash value to pay your rates. However, you can still be charged those fees.

How to Cancel American-Amicable: The Bottom Line

Although you can cancel American-Amicable insurance at any time, you may have to pay fees to do so. You will need to speak with customer service or your agent to begin the cancellation process.

Shop around and compare various companies to find cheap life insurance rates and coverage that will fit your needs.

We hope you’ve learned all you needed to know to cancel American-Amicable. Enter your ZIP code now to compare life insurance rates from multiple companies for free.