How to Adjust or Cancel Your Fegli Life Insurance Policy

Increasing Coverage on a Fegli Life Insurance Policy

To raise the face amount of a Fegli life insurance policy, contact the insurer's customer service or your agent, request a coverage increase form, and provide updated health information if required. The insurer will review the request, which may involve a new medical exam or underwriting based on your current age, health status, and the amount you wish to add.

When a Coverage Increase Is Possible

Most policies allow increases within a specified period after purchase, often the first 12 to 24 months, and sometimes later if the insured remains in good health. Check your policy documents for any "guaranteed issue" windows that let you add coverage without additional medical underwriting.

Canceling a Fegli Life Insurance Policy

To terminate a Fegli policy, submit a written cancellation request to the insurer's claims department, include your policy number, and sign the form. You may need to return the original policy document and any attached riders. After processing, the insurer will send a confirmation and any applicable refund of prepaid premiums.

Considerations Before Cancellation

Canceling eliminates the death benefit and any cash value that has accumulated, which could be taxable if withdrawn. Review alternatives such as reducing the coverage amount, converting to a paid‑up policy, or surrendering the policy if you need cash.

Typical Timeline and Costs

Key Steps Summary

• Gather policy number and personal ID.
• Contact insurer or agent for forms.
• Provide required health updates for increases.
• Sign and return cancellation paperwork if ending the policy.
• Confirm receipt and keep records of all communications.