Cancel life insurance — done in just a few minutes
Want to cancel your life insurance? LexiLetter automatically creates your legally compliant cancellation letter with AI. Simply enter your policy number and reason for cancellation, and we generate a properly formatted DIN 5008 letter — ready for digital signing. Note: Consider alternatives such as making your policy paid-up.
Important Tips
- Request the surrender value from your insurer beforehand — it is often significantly less than the premiums paid
- Consider making the policy paid-up: the contract is paused, and partial insurance coverage is retained
- No statutory notice period — cancellation is possible at any time
- Consider tax implications: early cancellation often results in taxable gains
Notice Period
A life insurance policy can be cancelled at any time without observing a notice period. However, you should check the surrender value beforehand and consider alternatives such as making the policy paid-up or selling it.
Address
An Ihren Versicherer
How It Works
Describe
Describe in plain language what you want to write.
AI Creates Your Letter
Our AI generates a professional letter in DIN 5008 format.
Sign & Receive
Sign digitally and receive the finished PDF by email.
Frequently Asked Questions
What notice period applies to life insurance?
There is no statutory notice period for life insurance. You can cancel at any time, effective at the end of the month or at another agreed date. The surrender value is usually paid out within a few weeks.
What is the surrender value and how much is it?
The surrender value is the amount you receive upon early cancellation. It is usually significantly less than the premiums paid, as acquisition costs and administration fees are deducted. In the first few years, the surrender value can even be zero.
What alternatives are there to cancellation?
Instead of cancelling, you can make your policy paid-up (reduced insurance coverage remains in place), sell the policy (often yields more than the surrender value), or take out a loan against it. Seek professional advice on these options.
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Cancel life insurance
Want to cancel your life insurance? LexiLetter automatically creates your legally compliant cancellation letter with AI. Simply enter your policy number and reason for cancellation, and we generate a properly formatted DIN 5008 letter — ready for digital signing. Note: Consider alternatives such as making your policy paid-up.
Cancel life insurance