Frequently Asked Questions
How can I cancel Globe Life Insurance?
Cancelling a Globe Life Insurance subscription is possible in several ways. At Xpendy we offer to do so by means of a registered letter. The reason to choose for a registered letter is that it offers security. Xpendy offers the possibility to generate and send a registered letter yourself or have Xpendy send you the cancellation letter.
When can I cancel Globe Life Insurance?
With Globe Life Insurance there is a possible term of notice. This means that after cancelling your subscription with Globe Life Insurance, the subscription can continue for a maximum of the agreed cancellation period. How long a notice period is can differ per company. A notice period of 1 month is common, but this can differ per company.
Can I cancel Globe Life Insurance in case of death?
At Xpendy, it is possible to complete the cancellation with only the subscription holder's name and address. This means that it's also possible to cancel a subscription for someone who has passed away.
Can I cancel Globe Life Insurance when I move house?
Cancelling the service when moving house can also be done via Xpendy. However, this is not always necessary. Sometimes, you are expected to move your subscription. It is important to check your contract conditions.
How long does it take to cancel Globe Life Insurance?
How long it takes to cancel a subscription varies from provider to provider. From the moment you receive the letter, the provider is obligated to process the cancellation. Keep in mind that from the moment the letter arrives at the provider, they have 10 working days to process the letter. In addition, there may be a notice period. This is different for each provider.
Can a subscription be cancelled before the end date with Globe Life Insurance?
There are possibilities to cancel a subscription or contract before the end date. However, not all providers are willing to do this. It is possible that the provider makes it possible to cancel your contract before the agreed end date, but always keep in mind that the provider may charge you a cancellation fee/penalty.
People also ask
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Can you cancel a Globe life insurance policy?
Yes, you can cancel a Globe Life Insurance policy. You have the option to stop paying premiums, but it is advisable to consult your agent and financial planner to understand the implications. Cancelling through the Globe Life Insurance website is convenient. They offer various insurance products and services. Cancellation is also possible through Xpendy, though it incurs costs.
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Can I cancel my life insurance policy and get my money back?
Yes, you can cancel your Globe Life Insurance policy and potentially receive a refund. To cancel, visit the Globe Life Insurance website and follow their cancellation process. During the initial "free look" period, you can get back all your premium payments. Depending on your policy type and circumstances, surrendering a whole life policy with accumulated cash value may also result in some money back. Keep in mind that cancellation through Xpendy is an option but may incur additional costs.
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Can I cancel my life insurance at any time?
If you are considering canceling your Globe Life Insurance policy, you have options available. One way to cancel is by letting the policy lapse, which means stopping premium payments, resulting in a loss of coverage. Keep in mind that premiums paid are usually non-refundable once the policy lapses. Alternatively, you can cancel your Globe Life Insurance policy directly through their website. For those seeking assistance, cancellation services are also offered through Xpendy, although there are associated costs.
