There is an initial 30 day cooling off period as required by law where the contract may be cancelled and we refund 100% of funds paid. We have decided not to retain up to $50.00 as allowed under the act.
After this period, you may get your money back by surrendering the plan but there is a surrender fee. However, if the funds are to be paid to a funeral home for an immediate family member, MFP will waive this surrender fee.