How to cancel or refund a single-premium policy
If you already have a single-premium mortgage life insurance policy and realize it may not be the best fit for your financial goals, you are not necessarily locked into it forever. Canceling this type of policy and securing a refund is possible, but the process is highly time-sensitive and requires a clear understanding of your policy’s terms. Because the entire premium was paid upfront, often financed directly into your home loan, getting your money back involves navigating specific rules set