How to Cancel Americo Financial Life & Annuity Insurance in 5 Easy Steps
There are many reasons you may need to know how to cancel your insurance. No matter the reason, you'll need to speak with Americo Insurance customer service.
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
UPDATED: Feb 22, 2023
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Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider. Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Feb 22, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider. Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- You can cancel Americo Financial Life & Annuity insurance at any time, for any reason
- You might have to pay fees for canceling depending on the type of policy you have and where you live
- You can lower your rates by changing the type of policy you have and your coverage
There are many different reasons you might need to know how to cancel Americo Financial Life & Annuity insurance.
Whether you want to find lower rates or just don’t want life insurance anymore, the cancellation process is pretty simple.
We’ll show you the steps for how to cancel Americo life insurance and even help you shop for new coverage.
Before you cancel, read our Americo life insurance review to learn more about the company. Americo Financial Life and Annuity insurance company reviews, rates, and ratings are included.
Keep reading to learn how to cancel Americo Financial Life and Annuity life insurance. Enter your ZIP code to compare life insurance rates from multiple companies near you for free.
What are the steps to cancel Americo Financial Life & Annuity life insurance?
No matter why you want to cancel Americo life insurance, the process is the same. Americo allows you to cancel your coverage for any reason, at any time.
There are some differences between canceling term and permanent life insurance. However, these are the general steps to take regardless of coverage type:
- Step 1 – Speak with customer service to begin the cancellation process. The Americo Financial Life and Annuity insurance company phone number is (800) 231-0801.
- Step 2 – Provide your personal information and policy number.
- Step 3 – Explain that you want to cancel your life insurance. If you are canceling because of the price, they may be able to offer you lower rates to keep you as a customer.
- Step 4 – Ask for written confirmation of your cancellation. You will have to send in a policy cancellation request.
- Step 5 – Follow up. After your cancellation date, check to make sure your cancellation is complete, and ask about any refund you might be due.
The cancellation process with Americo is pretty simple. However, you might be charged fees and penalties for canceling your coverage.
Be sure to ask about this when you speak with customer service so that you aren’t surprised.
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What should you consider before canceling Americo Financial Life & Annuity life insurance?
While Americo allows you to cancel your coverage when you want, there may be fees that go along with that. Americo offers term and permanent life insurance options.
Term life insurance is simple to cancel. Term coverage is the cheapest form of life insurance and has no cash value. If this is the type of coverage you have, you can either cancel or just stop making payments.
You may receive a refund if you have paid in advance and then cancel. Depending on the state you live in, you may be charged fees if you cancel before your term is up.
There are more factors to consider when canceling permanent insurance. Whole and universal life insurance have a cash value attached to the policy. When you cancel, you may receive that cash value after any fees are deducted.
The Insurance Information Institute reports that you can be charged surrender fees when you cancel permanent life insurance. However, if you’ve had your policy for a long time, your fees should be low.
If you just stop making payments on your whole or universal life policy, Americo can use your cash value to pay for your coverage. Once that cash value is exhausted, your policy will lapse. You may still be charged fees.
How to Cancel Americo Financial Life & Annuity: The Bottom Line
You can cancel Americo Financial Life & Annuity life insurance company coverage at any time, but you might be charged fees to do so.
You will need to speak with customer service and fill out a policy cancellation form in order to end your coverage.
To find the life insurance you need, shop around and compare rates from various companies to see who can offer you the coverage you need at the cheapest price.
We hope you’ve learned all you needed to know to cancel Americo Financial Life & Annuity life insurance. Enter your ZIP code to compare life insurance quotes from companies near you for free.
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.