To cancel a Corebridge life insurance policy, send a signed, dated written request naming your policy number and the date you want coverage to end, then ask for written confirmation that the policy has terminated. Corebridge Financial is the name on your statements, but the entity that actually issued and holds an individual life contract is American General Life Insurance Company, or The United States Life Insurance Company in the City of New York if you live in New York.
Corebridge Financial became a standalone, publicly traded company in September 2022 when AIG spun off its life and retirement business, and its individual life insurance policies are issued by American General Life Insurance Company or, in New York, by The United States Life Insurance Company in the City of New York.
The name on your statement is not the name that has to go on your letter
Corebridge Financial is the company AIG's life and retirement business became when it separated and went public in 2022, and it is the name you now see on statements, the website, and any mail. It is a real, independent, publicly traded insurer, not a shell for something winding down. What it is not is the entity that signed your contract. Corebridge is the parent brand. The company that actually issued an individual life policy is American General Life Insurance Company, or, if you bought your policy in New York, The United States Life Insurance Company in the City of New York. That distinction matters when you write a cancellation request. A letter addressed only to "Corebridge," without the policy number and issuing entity taken from your own paperwork, can sit in the wrong queue longer than it needs to. Pull the policy number and issuing company name off your original contract or a recent statement, use both in your letter, and send it to the servicing address printed on that same document rather than one you find by searching online.
How to cancel, step by step
- Find your policy number. It is on the policy itself and on any statement. Work from your own documents rather than from a letter you were not expecting.
- Put the request in writing. Sign and date it, name the policy number, and state the exact date you want coverage to end. A phone call alone leaves you nothing to point at later.
- Say if you are inside the free-look window. If the policy is new, your state may entitle you to a full refund. Make that request explicit rather than assuming it is applied.
- Ask for written confirmation. You want the termination date and, if there is cash value, the amount being released. Keep it.
- Stop the payment last, not first. Only once the insurer has confirmed the policy has ended. Stopping the draft first creates a lapse rather than a cancellation, which is messier and can cost you the cash value.
What to check before you send it
These are the things people most often wish they had looked at first. None of them are reasons not to cancel. They are the difference between a decision and a regret.
- The issuing entity on your original contract. Your paperwork names either American General Life Insurance Company or, for New York residents, The United States Life Insurance Company. Use that name and your policy number in the cancellation letter, not just "Corebridge."
- Whether you bought through Corebridge Direct or an agent. Corebridge Direct is the company's no-exam, direct-to-consumer line, previously branded AIG Direct. It is administered the same way as agent-sold policies, but the paperwork trail can look different if you never met with an advisor.
- Term or permanent coverage. Term generally has no cash value to recover. Permanent coverage may have accumulated value that is released on surrender and can carry a tax consequence.
- Any riders attached to the policy. Long-held policies often carry riders added years ago, such as an accelerated death benefit that lets you access part of the payout if you become seriously ill. Those end with the policy and are usually not replaceable on the same terms.
- The conversion option on a term policy. Many term policies include the right to convert to permanent coverage without new health questions, and that right expires on a deadline written into the contract. Cancelling term coverage usually gives up that option too.
When cancelling is the right answer
If the policy was bought to cover a debt or obligation that no longer exists, if you are holding overlapping coverage from more than one carrier, or if a term policy is nearing the end of its level period and the original need has genuinely passed, ending it can be the right call. A corporate rebrand alone is never a good reason to cancel: the coverage and the death benefit did not change, only the name on the envelope did.
Common questions
How do I cancel a Corebridge life insurance policy?
Send a signed, dated written request with your policy number and the date you want coverage to end to the servicing address on your policy documents or a recent statement. Name the issuing insurer, American General Life Insurance Company, or The United States Life Insurance Company if you are in New York, and ask for written confirmation once the policy has terminated.
Is Corebridge Financial the same company as American General?
Corebridge Financial is the parent company. American General Life Insurance Company, and The United States Life Insurance Company in New York, are the entities that actually issue and hold individual life policies under the Corebridge name. Corebridge is what you see on the outside of the envelope. American General or US Life is the name on the contract inside it.
Why does my mail say Corebridge when I bought my policy from AIG?
AIG separated its life and retirement business into its own public company in September 2022, and that company took the name Corebridge Financial. The policy you bought under the AIG or American General name did not change hands or change terms. It is simply serviced under a new corporate name now.
What is Corebridge Direct?
Corebridge Direct is the company's no-exam, direct-to-consumer life insurance line, sold without an in-person agent. It was previously branded AIG Direct and was renamed as part of the same reorganisation that created Corebridge Financial. Policies sold this way are administered the same way as any other Corebridge policy.
I live in New York. Does anything change for me?
Yes. If you bought your policy in New York, it is issued by The United States Life Insurance Company in the City of New York rather than American General Life Insurance Company. Use that entity name on your cancellation letter, along with your policy number, since it is the actual party to your contract.
Will cancelling my Corebridge policy give me any money back?
It depends on the type of coverage. Term life insurance generally builds no cash value, so there is usually nothing returned beyond unearned premium. Permanent coverage can have accumulated cash value, and surrendering it releases that value, though any amount above what you paid in premiums can be taxable.
Will my coverage end the day I ask to cancel?
Not usually. Most life insurers end coverage on the next premium due date or on the date they process a signed request, whichever the contract specifies. That gap matters, because until the policy actually terminates you are still covered. Never treat a phone call as the end of it: confirm the termination date in writing and keep the confirmation.
Should I just stop paying instead of cancelling?
It is simpler than it looks to do this badly. Stopping payment starts the grace period, and if the policy has cash value the insurer may keep it in force by taking loans against that value, which can quietly drain it. A written request creates a clean, dated record of what you asked for and when. Cancelling on purpose is always tidier than lapsing by accident.
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This guide is general information, not legal, tax, or financial advice. Cancellation terms, refunds, and free-look windows depend on your contract and your state. Policy Review Center is a free comparison and referral service, not an insurance agency, insurer, or producer, and it connects you with independent licensed agents. Carrier names are used for reference only and do not imply any endorsement or affiliation.