If I cancel, does my coverage end immediately?

If you decide to cancel your policy within the first 30 days after buying your policy, your coverage will end immediately and you will receive a full refund of your first month’s premium. However, if you cancel anytime after the first 30 days, your coverage will continue through the next 30 days and your policy will go into what’s called a grace period for 30 more days. If no premium is paid during the 30-day grace period, your policy will be terminated.

So what happens to your coverage? Your coverage continues during the grace period. So if you were to pass away during this time your beneficiary could file a claim and possibly receive the death benefit minus the unpaid premiums. At the end of your grace period you will receive a letter in the mail letting you know that your coverage has ended.

If you decide to cancel your policy, give us a call at 1-833-300-0603 and a Customer Care Advisor will walk you through the process in detail. This may not apply in some states.

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