How to Get Out of Your Great Western Life Insurance Policy [Right Way]
If you want to get out of your Great Western life insurance policy, you can get in touch with Great Western life insurance customer service ASAP. As soon as you are free from your policy, you are open to get new life insurance coverage with premium rates that can start for as low as 20-30 dollars per month.
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Written by
Jeffrey Johnson
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Reviewed by
Benji Carr
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UPDATED: Jul 22, 2021
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- Leaving your Great Western policy only takes a few steps.
- Great Western offers a variety of final expense policies.
- The customer reviews for GWIC are less than favorable.
When it’s time to get out of your Great Western life insurance policy, it can feel like a big decision. That being said, opting out of coverage can provide a new opportunity to get a better deal or allow you to take a look at a new policy type at the best life insurance companies.
Surrendering your Great Western life insurance policy is an easy step that just requires you to get in touch with the insurer. While you may have to wait up to a month, you’ll get a notification that your policy has been canceled.
Curious about what rates you’ll pay when you get out of your Great Western life insurance policy? Enter your ZIP code to get an idea of what you could pay.
Table of Contents
When to Cancel Your Great Western Life Policy
The reasons for canceling a life insurance policy will differ depending on the person. However, it could provide the opportunity for new savings as well as better coverage, if such a deal comes along. Getting employer-sponsored life insurance is also a good reason for needing coverage.
How do I cancel my Great Western Life Insurance?
As a well-established company, Great Western life insurance customer service is set up to handle customer cancellations in a timely manner. Your Great Western life insurance policy can be canceled differently depending on whether it was before or after November 1, 2019.
- For those with pre-need policies before that day, call 866-689-1401.
- For those with pre-need policies on or after that day, call 800-995-9010
If you have a final expense policy, you’ll have to submit a written request via:
- Fax – 402-496-8199
- Mail – P.O. Box 14410, Des Moines, IA 50306-3410
- Email (PDF) – [email protected]
You can also contact the insurer at Great Western life insurance’s phone number 1-800-733-5454 to stop having funds drafted from your account.
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Great Western Life Insurance Products
Great Western life has nearly 40 years in the business of providing quality final expense burial insurance policies. With a background in funeral services, Great Western is uniquely suited to offer the coverage to help take care of funeral and burial costs.
Pre-Need Life Insurance
A pre-need life insurance policy is an agreement between the insurer, the funeral home, and the policyholder. This contract assures that you can plan all the elements of your funeral ahead of time, allowing you to pay it off and have the full amount given to the funeral home when you pass.
Great Western’s pre-need life insurance policy offers level premiums and a guarantee that your policy won’t be canceled as long as your premiums are paid on time. Some of the variants on this policy even offer to forego the funeral and give what was paid as the death benefit.
Great Western Guaranteed Life Insurance
Great Western’s guaranteed life, or final expense, is guaranteed that the applicant will be accepted, and usually carries a much lower death benefit. This type of policy is typically helpful for those looking to cover burial expenses or anything else that might pop up.
Great Western life offers two guaranteed whole life insurance policies, and they provide coverage to take care of any end-of-life needs. At Great Western, the policyholder can get quality coverage with very little to no underwriting, and thus will have less to worry about when they pass.
Great Western Life Insurance Customer Service Reviews
As an insurer that has been in the business since 1983, Great Western Insurance Company has a history of providing coverage to take care of any and all EOL needs. During this time, rating companies and customers have been vocal about their experience with their Great Western reviews.
Industry Reviews
There are professional insurance rating services that classify the insurer based on their credit rating and financial strength.
Currently, there are ratings out there for Great Western Insurance Company from a number of professional companies. A.M Best recently upgraded Great Western Life’s ratings in 2018 from a financial strength of Good to Excellent, as well as an improvement to the credit rating.
Customer Reviews
Like with the industry reviews, the customer reviews help keep an insurer in check and serves as an indicator of what issues most customers experience.
That being said, Great Western’s customer reviews are less than ideal. The insurer only offers two types of insurance that are fairly similar, and customers have still faced issues with their policies. On the BBB website, they’ve closed seven complaints in the last three years.
Conclusion: Great Western Life Insurance Overview
There are a wide variety of reasons to cancel your life insurance policy, including opening yourself up to new coverage. If you need to get out of your Great Western life insurance policy, it can be as easy as getting in touch with customer service to process your request.
Curious about what you can pay when you get out of your Great Western life insurance policy? Use our free ZIP code tool to get an idea of your potential rates for a new insurer after you cancel your Great Western life insurance policy.
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