[voluntarheel]

I took out a $100k permanent life ins policy a few years ago when my husband was a medical resident. We didn't have much money and the policy would help out with house payments and funeral should I die.Now he is in private practice, we have a nest egg (much more than the policy is worth), and I am no longer working. So I bring in no income and we have no children - we don't need a life insurance policy on me at all.Also, this policy costs $75/month. That's $900/year (more than I spend in gas for my high octane gas-hog vehicle). Yes, I know, stupidly high price to pay.I called to cancel the policy and the rep wants to meet with me about how good of a policy I have. I know the approach he'll take. 1) you have ultra-preferred status - not everyone is eligible for this 2) this is an investment vehicle (albeit a very bad one)So please give me some fuel to fight the hard-sell I am going to get in a few days. Thanks!

[Becca P]

Just tell them you don't need the policy anymore,end of story.

[newjerseyguy]

You just cancel it, period (cease paying the premium). Don't talk to the sales reps, they just want to talk you out of it.Consider getting a level term life policy to replace it - much cheaper and you can bank or invest the saved premium money.

[Haatainen]

Just stop making the premium. If the policy is old and you can get something, send them a request to end the policy.