How To Cancel Primerica (2024)

FAQs

How do I get out of Primerica? ›

Cancellation of a Paid Subscription

You may cancel your access to POL completely by calling 1-888-737-2255.

Unless you've purchased a Return Of Premium Term Life Insurance Policy, you will not get your money back at the end of the term or at any time you cancel the policy.

Can you withdraw money from Primerica Life Insurance? Primerica offers only term life insurance. These policies don't have cash value. You can't borrow from or withdraw money from your Primerica life insurance policy.

To cancel your Primerica Life Insurance policy, please call Client Services directly at 1(800) 257-4725, and they can assist you.

For all accounts, there is a $95 termination fee charged at the time a full withdrawal is taken from an account.

For term life insurance policies, you can also stop making payments and the coverage will lapse. For permanent life insurance policies, it's best to speak with your insurer or a licensed agent about surrender options, since you could face cancellation fees.

Primerica licensed representatives provide financial education, a personalized Financial Needs Analysis (a GPS for client finances), and financial products such as term life insurance and mutual funds. Primerica pays over a billion dollars a year in life insurance benefits to clients' families.

Yes, AIG offers a free look period, typically 10 days, during which you can cancel your life insurance policy without penalty or cost. This period starts immediately after you purchase the policy. Other life insurance companies may have longer look periods, up to 30 days.

The cost of Primerica life insurance may be higher than comparable insurance providers because medical underwriting is required for most applicants.

What is the money you get if you cancel a life insurance policy called? ›

Cash surrender value is money a life insurance policyholder receives for canceling their policy before it matures or they pass away. This cash value is the savings component of most permanent life insurance policies, such as whole life and universal life. It is also known as policyholder's equity.

Term life is typically less expensive than a permanent whole life policy – but unlike permanent life insurance, term policies have no cash value, no payout after the term expires, and no value other than a death benefit.

Is Primerica an MLM? Primerica is neither a scam nor a pyramid scheme, but a legitimate business that uses multi-level marketing as its sales foundation.

Primerica teaches working families simple money management concepts. Starting a savings strategy early can help you avoid the High Cost of Waiting. Use time and consistency to stay on track for your financial goals when you Pay Yourself First.