Insurance Policy Surrender Letter – Free Sample Template
Quickly draft a professional letter to surrender your insurance policy using our ready-to-use format.
How to Write a Surrender Letter for an Insurance Policy
Surrendering a policy means you’re officially canceling your insurance and requesting the cash value, if any. Here’s how to write a clear and effective surrender letter.
Sample Insurance Policy Surrender Letter
Below is a professional sample you can customize and send to your insurance provider:
[Your Name]
[Your Address]
[City, State ZIP Code]
[Email Address]
[Date]
To,
[Insurance Company Name]
[Branch Address]
[City, State ZIP Code]
Subject: Request for Surrender of Insurance Policy [Policy Number]
Dear Sir/Madam,
I would like to formally request the surrender of my insurance policy [Policy Number] with immediate effect. Kindly process the necessary documentation and refund any surrender value due to me. Please let me know if any additional information is required.
Thank you for your prompt assistance.
Sincerely,
[Your Name]
Why You Might Want to Surrender a Policy
- You no longer need the coverage
- You’ve found a better policy
- You want to access the surrender value
Important Considerations
Before surrendering your policy, make sure you understand any financial implications, including taxes and loss of coverage.
Related Letters
Below is letter surrendering a life insurance policy :
Your Name
Company Name
Street Address
City, ST ZIP Code
Date
Recipient Name
Title
Organization Name
Street Address
City, ST ZIP Code
Dear Recipient Name:
I write to inform you that I wish to surrender my life insurance policy.
I have been unemployed for five months now and I find that I am unable to continue payment of the premiums. So could you work out the surrender value of my policy and refund to me whatever is due? Thank you.
Sincerely,
Example 2 Of Surrender Insurance Policy Letter :
Your Name
Company Name
Street Address
City, ST ZIP Code
Date
Recipient Name
Title
Organization Name
Street Address
City, ST ZIP Code
Dear [Name of Insurance Company],
This letter is to inform you that I am surrendering my insurance policy with [Insurance Company Name], policy number [Policy Number], effective immediately.
I understand that by surrendering my policy, I will no longer receive any benefits from the policy. I also understand that, depending on when I surrender the policy, I may be entitled to receive a portion of the premiums I have paid. Please confirm the amount of the surrender value with me as soon as possible.
Thank you for your time and attention to this matter.
Sincerely,
Your Name
Related Examples :