1. 3998 POINTS
    Matt Benore
    Founder, DenverWest Insurance Professionals, Inc.,
    I am not familiar with Federal Life Insurance however if it is like any other company you have a few options.  First, if you are paying monthly, you could just stop paying.  I would recommend sending in a letter to the company however.  If you have paid an annual premium, and you cancel your policy short of the next premium due date, then you should get a prorated amount back.
    Answered on January 3, 2014
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