1. Surrender within the hesitation period. So generally speaking, when we are fooled by the insurer, we can react quickly. Long-term insurance has a hesitation period of 10~ 15 days. At this time, we can look at our contract. If we are still in the hesitation period, then we will call the insurance company to apply for surrender, so that we will lose money if we surrender during the hesitation period.
Second, after the hesitation period. So if the hesitation period has passed before you realize that you want to surrender, it will be a bit troublesome to surrender at this time. If you want to surrender your insurance in full, unless you can prove that the salesman did make false propaganda when selling products to you, or that there were some procedural problems when you signed this contract, and some things were illegal or improper, in this case, we can apply for the contract to be invalid. Under normal circumstances, you can talk to the insurance first. But we also said that in this case, you must be able to prove the problem, so it depends on whether you have left any evidence, or you can look for a written announcement from their company to see if there are any loopholes that can be exploited.
Third, how much can I get back from surrender? Therefore, if it does not belong to the above two situations, it is generally impossible to surrender in full. How much can I refund if I surrender? In fact, how much money can be refunded for surrender is very simple, just look at the cash value of the insurance stated in the contract. If we want to surrender, we can only return the cash value, so if we don't have any evidence to prove this unfair behavior of the insurance company, then we can only choose the time to surrender to make up for our losses.