Can I cancel my Liberty Mutual policy online?
Have you ever wondered, "Can I cancel my Liberty Mutual policy online?" You can cancel a policy when you want, but you'll need to speak to a Liberty Mutual representative. There are also a few steps to take before you ask yourself, "If I need cheaper life insurance rates, can I cancel my Liberty Mutual policy online?"
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
UPDATED: Jan 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider. Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Jan 8, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider. Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- You own your life insurance policy so you can cancel it at any time
- You cannot cancel your Liberty Mutual life insurance policy online
- Shopping online allows you to compare multiple life insurance quotes at once
With so much happening in the world today, it can feel like there is very little that can actually be controlled, which makes it extra nice to know that you at least can take charge of your life insurance policies.
That means that you can switch companies or even cancel Liberty Mutual insurance coverage whenever you desire. This news may be exactly what you’ve wanted to hear if you’ve been asking yourself, “If I need more affordable life insurance, can I cancel my Liberty Mutual policy online?”
For those of you who want to cancel your Liberty Mutual policy, you can, but you will have to take certain steps to make sure that you do it properly and don’t leave yourself or your loved ones unprotected.
If you’re thinking, “Can I cancel my Liberty Mutual policy online?” get life insurance quotes to compare coverage and rates. This will empower you to make the best decision for your needs.
Enter your ZIP code to get free life insurance quotes if you’ve been wondering, “Can I cancel my Liberty Mutual policy online?”
Can I cancel my Liberty Mutual life insurance policy online?
While you may have known that you can cancel your life insurance policy with Liberty Mutual at any point, you may not have known that you cannot cancel your policy online.
In order to end your relationship with Liberty Mutual, you will need to call and request for your policy to be canceled. Now, canceling a life insurance policy is no laughing matter, but with the Liberty Mutual refund policy, you could very well be laughing all the way to the bank.
You see, if you paid for a year’s worth of insurance coverage upfront but decided to cancel your policy only after having it for a few months, you would be refunded any monies that you had already paid for the upcoming month.
Bear in mind, you will not get a check back for the months of coverage that you had.
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What is Liberty Mutual’s cancellation policy?
You may fear that you have to conduct an internet search for “Liberty Mutual cancel policy fee,” but you’ll be happy to hear that canceling a policy with this insurance company is not that difficult at all. Like most insurance companies, Liberty Mutual understands that life is full of the unexpected and sometimes life events will force you to cancel your policy.
Now, if you’re thinking, “I’m starting a family and need to buy life insurance, can I cancel my Liberty Mutual policy online since it doesn’t provide enough coverage?” you should pause before you do anything drastic. There are a few steps you should take before you ever cancel a life insurance policy.
Look Up Your Life Insurance Policy’s Terms
Prior to canceling your policy, you should always review your life insurance policy’s terms — especially if the reason you’re thinking of canceling the policy is to obtain more coverage.
When reviewing your policy, consider these questions:
- Can I buy more coverage at certain points in this policy’s life?
- Can I convert my term life insurance policy into a different type so I can purchase more coverage?
- Can I afford to buy supplemental coverage instead?
If, after going over these questions, you still want to cancel your Liberty Mutual policy, you’ll need to start acquiring quotes before you do anything else.
Compare Life Insurance Quotes
Shopping for new life insurance can feel quite overwhelming at times. So if you’re thinking, “If I need cheaper life insurance rates, can I cancel my Liberty Mutual policy online, and how can I streamline this process?” you’re in luck.
In this day and age, you can compare multiple life insurance quotes at once if you have access to the internet via your smartphone or personal tablet. That means that you don’t have to wait to start looking for a better rate, but you should also make sure that you aren’t losing out on good coverage either.
When comparing quotes, take a look at how much coverage and what types of riders each company can offer you and the rates that come along with such policies. If you are a smoker, you could end up paying higher rates. Insurance companies consider smoking cigarettes or vaping to be highly detrimental to your health and therefore mark you as a high-risk applicant.
Curious as to what you may pay for life insurance if you smoke? Take a look at this chart below:
Average Annual Life Insurance Rates for Smokers
| Marital Status, Age & Gender | Massachusetts Mutual | State Farm | New York Life | Aegon/ Transamerica | John Hancock | Lincoln National | Prudential Financial | Average |
|---|---|---|---|---|---|---|---|---|
| Single 25-Year-Old Female | $132.00 | $143.00 | $158.00 | $164.00 | $172.50 | $187.00 | $195.00 | $164.50 |
| Single 25-Year-Old Male | $147.00 | $164.00 | $152.00 | $176.00 | $178.30 | $231.00 | $237.00 | $183.61 |
| Married 35-Year-Old Female | $137.00 | $166.00 | $164.00 | $161.00 | $178.30 | $191.00 | $196.00 | $170.47 |
| Married 35-Year-Old Male | $151.00 | $175.00 | $160.00 | $171.00 | $189.80 | $238.00 | $248.00 | $190.40 |
| Married 45-Year-Old Female | $209.00 | $238.00 | $262.00 | $229.00 | $241.50 | $239.00 | $314.00 | $247.50 |
| Married 45-Year-Old Male | $230.00 | $239.00 | $245.00 | $255.00 | $292.10 | $283.00 | $378.00 | $274.59 |
| Married 55-Year-Old Female | $373.00 | $341.00 | $414.00 | $453.00 | $407.10 | $435.00 | $496.00 | $417.01 |
| Married 55-Year-Old Male | $451.00 | $396.00 | $696.00 | $527.00 | $533.60 | $615.00 | $584.00 | $543.23 |
| Single 65-Year-Old Female | $763.00 | $684.00 | $924.00 | $1,139.00 | $937.30 | $903.00 | $941.00 | $898.76 |
| Single 65-Year-Old Male | $1,049.00 | $955.00 | $1,416.00 | $1,367.00 | $1,380.00 | $1,577.00 | $1,412.00 | $1,308.00 |
Of course, pricing isn’t the only item that you should be looking at when on the hunt for a new insurance company. You need to consider what else the company can offer you as well.
Consider What You’re Looking For In a New Insurance Company
When you start shopping for a new life insurance policy, you must ask yourself questions like these:
- What premium payment protections does this company offer?
- Is this a reputable company?
- Does this company file claims quickly?
- Does this company provide policies that can give me living benefits?
Essentially, you need to pinpoint what was lacking in your previous policy and find a company that either meets or exceeds your expectations.
For example, if you would like to make sure that you have protections in place that will allow you to stop making premium payments if you are injured and can’t work, you should be on the lookout for companies that provide waiver of premium riders at an affordable rate. Once you’ve found the perfect policy for you, you should finalize your purchase.
Purchase Your New Policy
It may seem odd to buy another life insurance policy before canceling your old one, but the worst thing you can do is leave yourself and your loved ones without protection.
If you were to cancel your policy without another one already in place, you would be without any kind of insurance coverage. Your loved ones would have no financial cushion if you were to pass away during the period of time you had no policy in place.
Cancel Your Previous Policy
When your new policy is active, you can go ahead and cancel the policy you no longer wish to continue. This way you will not have a lapse in coverage.
You will have to call a Liberty Mutual insurance representative to cancel your policy, but that is a simple enough process. While you’re on the phone, be sure to ask if you will be receiving any refunds.
What if Liberty Mutual canceled my policy?
What happens if you haven’t canceled your policy but Liberty Mutual has?
An insurance company can cancel an insurance policy for a few reasons. For example, if you’ve committed insurance fraud or have failed to make your payments on the policy, the insurance company is well within its rights to end the policy.
If you’ve found yourself in such a situation, you can hop online and find a new policy with any number of great insurance companies. Take look below at what some of the top companies in the industry can offer you:
Average Monthly 20-Year Term Life Insurance Rates by Company and Age (Males)
| Company | Age 30 Average Monthly Rates | Age 40 Average Monthly Rates | Age 50 Average Monthly Rates | Age 60 Average Monthly Rates |
|---|---|---|---|---|
| Protective | $13.12 | $17.85 | $41.50 | $111.59 |
| Banner | $13.33 | $19.26 | $40.85 | $111.13 |
| AIG | $13.54 | $19.38 | $42.73 | $114.74 |
| Foresters | $13.56 | $18.81 | $42.66 | $114.84 |
| Lincoln | $13.56 | $18.38 | $46.55 | $190.53 |
| Mutual of Omaha | $13.56 | $20.08 | $46.55 | $134.05 |
| Principal | $14.66 | $19.03 | $42.61 | $110.03 |
| SBLI | $14.79 | $21.67 | $51.68 | $147.70 |
| Accordia Life | $16.91 | $23.36 | $56.07 | $153.53 |
| Prudential | $20.34 | $24.50 | $45.50 | $128.84 |
Don’t go too long without insurance coverage. Life insurance is an important tool that can help your loved ones pay for college, cover funeral expenses, and more.
Case Studies: Canceling Liberty Mutual Policies
Case Study 1: John’s Quest for Cheaper Life Insurance Rates
John, a 35-year-old professional, had purchased a life insurance policy from Liberty Mutual a few years ago. Recently, he found himself questioning whether he could find more affordable life insurance rates elsewhere. The question, “Can I cancel my Liberty Mutual policy online?” lingered in his mind.
John decided to take the first step and compare life insurance quotes from various top-rated companies. Using an online quote comparison tool, he gathered multiple quotes to assess coverage options and rates. After careful consideration, he discovered a policy that offered more comprehensive coverage at a lower premium than his current Liberty Mutual policy.
With the new policy ready to be activated, John reached out to Liberty Mutual’s customer service to cancel his existing policy. Although he couldn’t cancel online, the process was straightforward. Liberty Mutual assured him that he would receive a prorated refund for the unused portion of his premium.
Case Study 2: Sarah’s Life Event and the Need for More Coverage
Sarah, a 29-year-old graphic designer, had been a loyal Liberty Mutual policyholder for five years. However, significant life changes, including starting a family, made her question whether her current policy provided enough coverage.
Worried about her family’s financial protection, Sarah decided to review her policy’s terms and benefits. She wanted to ensure that the new policy would cover her growing responsibilities, including mortgage, child’s education, and living expenses.
After reviewing her policy and evaluating her needs, Sarah started shopping for a new life insurance policy. She compared various quotes, looking for comprehensive coverage that included provisions like waiver of premium riders in case of injury.
Once Sarah found the ideal policy, she purchased it before canceling her Liberty Mutual policy. Calling a Liberty Mutual representative, she officially canceled her previous policy, relieved to know there would be no coverage gaps.
Case Study 3: Unexpected Policy Cancellation
Tom, a 40-year-old entrepreneur, had maintained a Liberty Mutual policy for ten years. He diligently paid his premiums and had never filed a claim. However, one day, he received a notice that his policy had been canceled by Liberty Mutual.
Puzzled by the unexpected cancellation, Tom investigated and found that Liberty Mutual had canceled his policy due to a missed premium payment. Feeling frustrated, he searched for a new policy with a reliable insurance company.
Using online tools, Tom compared quotes from different companies to find the best option for his needs. He wanted a policy that offered good coverage at reasonable rates. During his search, he also considered policies that offered flexibility in premium payments, ensuring he wouldn’t face the same issue again.
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Canceling Your Liberty Mutual Policy: The Bottom Line
If you’ve caught yourself wondering, “If I want a new life insurance company, can I cancel my Liberty Mutual online?” you’ll be happy to know that you can cancel your life insurance policy at any time; however, you will need to call to do so.
That being said, you don’t have to wait to start looking for a new life insurance policy. You can compare quotes right away wherever you have internet access.
Remember to look for policies that meet your coverage needs as well as the needs of your budget.
If you’ve ever wondered, “Can I cancel my Liberty Mutual policy online?” enter your ZIP code to start comparing free quotes from companies near you.
Frequently Asked Questions
Can I cancel my Liberty Mutual insurance policy online?
Yes, Liberty Mutual provides an online option for policyholders to cancel their insurance policies.
Are there any specific requirements or conditions for canceling a Liberty Mutual policy online?
Liberty Mutual may have specific requirements or conditions for canceling policies online. These can vary depending on the type of policy and the state you reside in. It’s important to review your policy documents or contact Liberty Mutual’s customer service for detailed instructions and any specific requirements for canceling online.
Can I cancel any type of policy online with Liberty Mutual?
While Liberty Mutual offers online policy cancellation, the availability of online cancellation may vary based on the type of policy you hold. It’s recommended to refer to your policy documentation or reach out to Liberty Mutual’s customer service to determine if online cancellation is available for your specific policy.
Will I receive a refund if I cancel my Liberty Mutual policy online?
The refund policy for canceled Liberty Mutual policies depends on various factors, including the terms of your policy and the specific circumstances of the cancellation. Generally, if you cancel your policy before the end of the policy term, you may be eligible for a prorated refund of any unused premium. However, it’s advisable to review your policy or contact Liberty Mutual directly for detailed information regarding refunds.
How can I compare quotes from different companies if I want to cancel my Liberty Mutual policy?
You can compare quotes from different companies by using online tools or websites that provide free quote comparisons. Enter your ZIP code to access these tools and compare quotes to find the best option for your needs.
Compare Quotes From Top Companies and Save
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.