You can cancel your term life insurance at any point in time at no cost to you. However, before you cancel, we encourage you to give proper consideration to the risk of terminating your policy. Perhaps you still need insurance or you expect to in the future? If that is the case, you are leaving yourself at risk and even if you wanted to apply for insurance again, you would have to start the processes from the beginning. At an older age, your premiums will be much higher, especially if you have health concerns. In fact, you may be too high risk to even get the insurance you are looking for. Connect with our Hometown Niagara team to discuss your options, so you can make the right decision for you and your loved ones.