How to surrender your American Savings Life Insurance Policy
Any policy may be surrendered at any time. If your policy has cash value, the Company will pay you the full amount of your policy's cash value (less any outstanding policy loan balance, accelerated living benefits and/or loan or lien interest). To determine what your policy's cash value is, please call our American Savings Life Home Office at (480) 835-5000 or toll-free at (800) 880-2112.
It is important to understand the results of surrendering your policy:
- The policy cannot be reinstated, and
- The policy's face value/death benefits are terminated, and
- The policy's value becomes limited to the payment of its full cash value
Understanding this, if you still desire to surrender your policy follow the instructions below:
Instructions on Surrendering a Policy
To surrender your policy, the Owner would need to do the following:
- Send the original signed and notarized Policy Surrender Form (download from below)
Mail or deliver to our Home Office at:
American Savings Life Insurance Company
935 E. Main Street, Suite 100
Mesa, AZ 85203-8849
If you have any questions, you may call our Home Office at (480) 835-5000 or toll-free at (800) 880-2112.