Home » How to Get Out of Your Liberty Mutual Life Insurance Policy [Right Way]

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 15, 2021

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The Facts of Life

  • Canceling life insurance can free up cash in the form of a refund if you have a permanent life insurance policy
  • Liberty Mutual doesn’t allow you to cancel life insurance online but you can manage your account on their site
  • If you bought your policy in the last 10 days, you can cancel and get premiums refunded too

Life insurance should help your family and you financially and provide a safety net. Sometimes, though, we get the wrong plan, even from the best life insurance companies.

That’s when you need to find out how to get out of your Liberty Mutual life insurance policy.

This guide will show you exactly how to do so easily and quickly. And you don’t need to wait, find out now how much you can save when you buy life insurance.

Before you learn more about how to get out of your Liberty Mutual life insurance policy, enter your ZIP code in our free quote tool and you’ll get life insurance quotes from top companies near you.

How To Cancel Your Liberty Mutual Life Insurance Policy

The policyholder must either call or write the company to cancel with Liberty Mutual. The cancellation can be scheduled for a later date or made effective right away. Have the following ready for the agent.

  • Your full name.
  • Your policy number.
  • The date you want your insurance to expire.

If you recently bought your policy, you may be able to cancel and get your premium payments refunded. Liberty Mutual offers a 10-day free look period. Within that time, you can cancel without any penalty.

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Is there a difference between canceling different types of Liberty Mutual life insurance?

Yes, Liberty Mutual offers term life insurance and permanent life insurance. Permanent life insurance includes whole life insurance and universal life insurance.

Canceling different types of life insurance requires different tactics and the refund options also differ.

For term life insurance you can cancel by stopping premium payments. This type of affordable life insurance doesn’t build up a cash value, so you won’t get a refund. You may get cash by selling it in a life insurance settlement though.

Permanent life insurance is more expensive, but you can get a refund if you have built up enough equity in the policy. Any fees or charges that apply will be taken out of the total.

How can I manage my Liberty Mutual life insurance online?

On the Liberty Mutual Life Insurance Company website, you cannot cancel online.  Use your Liberty Mutual login information to see policy information and your options for coverage.

Hopefully, you’ve learned everything you need to know about how to get out of your Liberty Mutual life insurance policy. Enter your ZIP code in our free tool to compare life insurance rates from the best companies in your area right now.

Frequently Asked Questions: Get Out Of Your Liberty Mutual Life Insurance Policy

Have more questions? Here are the most frequently asked questions about canceling life insurance with Liberty Mutual.

#1 – What is the Liberty Mutual customer service phone number?

The Liberty Mutual insurance phone number for customer service is 1-800-658-9857.