Midterm termination of long-term care insurance policy by insured
Wis. Stat. § 632.825
in effect(1) Permitted cancellation and refund.
(a) No insurer that provides coverage under a long-term care insurance policy may prohibit the insured under the policy from canceling the policy before the expiration of the agreed term.
(b) If an insured under a long-term care insurance policy cancels the policy before the expiration of the agreed term, the insurer shall issue a prorated premium refund to the insured.
(c) If an insured under a long-term care insurance policy dies during the term of the policy, the insurer shall issue a prorated premium refund to the insured’s estate.
(2) Policy provision. Every long-term care insurance policy shall contain a provision that apprises the insured of the insured’s right to cancel and the insurer’s premium refund responsibilities under sub. (1).
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/632.825Fetched: 10/7/2026