Canceling Primerica Life Insurance: A Step-By-Step Guide

If you want to cancel your life insurance with Primerica, you can do so by calling Client Services at 1-800-257-4725. You can also cancel online by going to http://www.primerica.com/public/contact.html or by emailing [email protected]. To cancel your policy, you will need to provide your policy number and customer details. You can also request a confirmation email for your records.

Cancelling by phone

To cancel your Primerica life insurance policy by phone, follow these steps:

Firstly, call Client Services directly at 1-800-257-4725 or 1-888-737-2255. Ask to speak with an agent and provide them with your policy number and customer details. Make your request to cancel your policy and stop recurring payments, and don't forget to ask for a confirmation email for your records.

If you would prefer to cancel your policy online, you can go to http://www.primerica.com/public/contact.html. Alternatively, you can email [email protected] and ask them to cancel your account.

Cancelling online

To cancel your Primerica life insurance policy online, follow these steps:

Go to the Primerica website

Navigate to Primerica's website by entering the following URL in your web browser: http://www.primerica.com/public/contact.html. This will direct you to the relevant page for cancelling your policy online.

Contact Client Services

On the Primerica website, locate the "Contact" section. Here, you will find the relevant contact information for reaching out to Client Services. Primerica's Client Services team is responsible for handling policy cancellations.

Provide your policy and customer details

When communicating with Client Services, be prepared to provide your unique policy number and other relevant customer details. This information helps them locate your specific policy and initiate the cancellation process.

Request cancellation and confirm

Clearly express your intention to cancel your life insurance policy and request confirmation of the cancellation. Ensure you receive a confirmation email or some form of written confirmation for your records. This confirmation serves as proof that you have taken the necessary steps to terminate your policy.

Remember that cancelling your life insurance policy with Primerica is as simple as communicating your desire to end the policy and ensuring you receive confirmation. The online method offers a convenient way to handle the cancellation without needing to make phone calls or have lengthy conversations. Simply follow the steps outlined above, and you will have successfully cancelled your Primerica life insurance policy.

Cancelling by email

To cancel your Primerica life insurance policy by email, you can follow these steps:

Firstly, you need to send an email to [email protected] requesting that your account be cancelled. It is important to include your policy number and customer details in the email to ensure that your request can be processed accurately and efficiently.

Additionally, you can also contact [email protected] to cancel your access to Primerica Online. This is a subscription service that provides access to compliance materials, PrimericaMail email, and certain information regarding compensation from Primerica. If you have a paid subscription, you will also need to cancel your supplementary sales tools, online training, and other features.

Furthermore, you can ask your bank to stop letting Primerica draft the premium from your bank account. If there is no premium, your policy will lapse and terminate automatically. This method will not negatively affect you in any way and is a simple way to cancel your policy without having to speak to anyone.

Finally, if you have a permanent policy, you can request the surrender value back, where the company will give you back a percentage of the cash value. Alternatively, if you have a term policy, you can simply let it lapse.

Cancelling by stopping premium payments

Cancelling your Primerica life insurance policy by stopping premium payments is a straightforward process. Here is a step-by-step guide on how to do it:

Step 1: Contact Your Bank

Firstly, reach out to the bank from which Primerica has been drafting the premium. Inform your bank that you would like to stop these premium payments from being drafted from your account. By doing this, you are essentially halting your part of the contractual agreement, which guarantees your insurance. Without the payment of the premium, your insurance policy will lapse and eventually terminate.

Step 2: Understand the Different Types of Policies

It is important to understand the type of policy you have. If you have purchased a permanent policy, such as a whole life or universal life policy, the insurance company may use the cash value within the policy to continue paying the premium. In this case, you can request the surrender value, which is a percentage of the cash value returned to you. On the other hand, if you have a term policy, you can simply let it lapse by stopping the premium payments.

Step 3: Be Aware of Potential Consequences

Stopping premium payments is a valid way to cancel your Primerica life insurance policy, and it will not negatively affect your credit score or have any financial repercussions. However, if you have a permanent policy, there may be some additional steps or considerations to keep in mind. For instance, you may need to submit a form to retrieve all or a portion of the cash value associated with your policy.

Step 4: Seek Additional Support

If you need further assistance with cancelling your Primerica life insurance policy, there are multiple avenues you can explore. Primerica has a dedicated Client Services team that can help you with the cancellation process. You can reach them by calling 1-800-257-4725. Additionally, you can email [email protected] and request them to cancel your policy. Remember, licensed insurance agents are also a valuable resource if you have specific questions or concerns about cancelling your policy by stopping premium payments.

Getting a refund

To cancel your Primerica Life Insurance policy, you must call Client Services at 1(800) 257-4725. They will assist you with the cancellation process.

Regarding refunds, Primerica does not explicitly state that they offer refunds for cancelled life insurance policies. However, they do mention that they have paid out a significant amount in life insurance benefits to clients' families annually. It is best to contact Client Services to discuss your specific situation and understand your options for cancellation and any potential refund.

When contacting Client Services, be prepared to provide your policy information, including your 10-digit policy number, and any other relevant details. You may also want to inquire about any fees or penalties associated with cancelling your policy, as these could impact the amount of any refund you may receive.

Additionally, review your policy documents carefully to understand the terms and conditions of your policy, including any provisions related to cancellation and refunds. Understanding your policy details will help you make informed decisions and ensure you take the necessary steps to cancel your policy effectively and explore the possibility of a refund.

Frequently asked questions